The energy price cap is a sledgehammer imposed to limit market freedom

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Now, of course, when that day in the future comes that government seeks to bring it to an end, (having concluded the market is now diverse and competitive enough to deliver affordable energy), just watch the outcry from all those who believe state intervention is the only response. An energy price cap is a sledgehammer imposed to limit market freedom, albeit for honourable reasons. It limits market competition and sets parameters within which suppliers operate. The real challenge for our politicians is that with 3.18 million households in England in fuel poverty for whom price rises are intolerable, heating or eating for those families is already a truly a hard choice.  Even with the current level of the cap, their bills are too high, so the cap serves the purpose of pleasing “the many”, but not solving the very real challenge for the few.  The Warm Homes discount and the winter fuel payments are welcome interventions for the so called “fuel poor”, but subsidising h
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