This petition was submitted during the 2019-2024 parliament
Petition Introduce a "Triple lock" to restrict energy cap increases
We want legislation introduced to restrict the energy cap so that it can rise by no more than the lowest of:
The rate of inflation
The average wage increase
The interest rate set by the Bank of England
More details
Major UK listed energy companies are raking in billions of pounds of profit as many people of the UK choose between eating and heating.
Energy bills for consumers are hitting record highs as the big firms rake in record profits. These profits only benefit the executives and shareholders, who are paid millions of pounds.
Energy is essential and people should not be exploited in this way for profit. Restrictions on the energy cap in line with what people can afford would help fix this issue.
This petition is closed This petition ran for 6 months
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The Chair of the Business, Energy and Industrial Strategy Committee, Darren Jones MP, is hosting the current series of the Committee Corridor podcast. This is a fortnightly podcast that brings together Members of Parliament from the different select committees in the House of Commons to interview experts and discuss the most pressing political, social and economic matters facing the UK today.
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