E.ON chief: Theresa May's energy price cap will hurt competition

Michael Lewis rejects PM’s claim that energy market is broken as government prepares to publish draft legislation

Theresa May’s price cap on energy bills would be a backward step that hits competition, deters new companies and hurts consumers, the head of one of the country’s biggest energy firms has warned.

Michael Lewis, UK chief executive of big six supplier E.ON, rejected the prime minister’s claim the energy market is broken and said plans for a cap on 12m households would backfire.

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from The Guardian http://ift.tt/2xwGhwx