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May Seeks to Snatch U.K. Labour Voters With Energy Price Cap

  • Ofgem would be ordered to set limits for standard tariffs
  • May’s Tories lead Labour by more than 20 points in some polls
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U.K.'s May Not Complacent About Election Victory

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U.K. Prime Minister Theresa May’s Conservative Party is proposing to cap household gas and electricity prices as part of its campaign platform for the June 8 election, adopting an issue promoted by the opposition Labour Party in the last election.

Work and Pensions Secretary Damian Green confirmed the plan after the Sunday Times newspaper reported that the Conservative manifesto will set out a policy of ordering energy regulator Ofgem to set a maximum price for the 70 percent of households that pay suppliers’ standard tariffs. That would cut 100 pounds ($130) off the average family’s annual utility bill, the newspaper said.