Five ex-energy bigwigs spark uproar after blasting Theresa May’s plans to tackle
Five ex-energy bigwigs spark uproar after blasting Theresa May’s plans to tackle
Britain’s Big Six
They claimed the PM’s clampdown on the energy firms would affect competition
EXCLUSIVE
By Steve Hawkes, Deputy Political Editor
FIVE former regulators sparked uproar by blasting Theresa May’s radical plans to tackle Britain’s Big Six energy giants.
The bigwigs including, ex-Ofgem boss Callum McCarthy, were slammed for being out of touch as they claimed a cap on gas and electricity prices wasn’t needed and would affect competition.
Theresa May last week vowed to ‘step in’ and fix the energy market as she condemned greedy companies
Despite inflation busting price hikes so far this year, they insisted that customers were not being ripped off and energy firms were not raking in “excessive” profits.
The blast came as British Gas revealed its boss Iain Conn took home a whopping £4.15 million in 2016 – a 40 per cent pay rise.
Theresa May last week vowed to “step in” and fix the energy market in an unprecedented condemnation of greedy energy companies.
The PM said the market was “manifestly not working” and pledged to roll out imminent reforms.
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