Reduce the energy price cap and return it to annual increase/decrease

Rejected 18 signatures

What the petition asks

Look at the energy price cap which is going up almost 4 fold. The energy companies are making vast profits, even with the one off windfall tax. The price cap increased by 54% in April, is set to increase by 70% in October. The Government must cap the October rise and cancel the planned 2023 rises

The increase in price caps were to reduce energy companies going into liquidation. Those fails were relatively new companies, many set up for the lucrative profits to be had and were inefficient/badly managed. The larger, long standing energy companies are now making vast profits. Already 1 large company (EON) saying customer debt is at £1.3bn. Their profits a staggering £3.4bn for 1st 6 months of 2022. If price cap continues as planned, more customers will fall into debt creating more poverty.

Why it was rejected

It asked for something that is not the responsibility of the UK Government or Parliament.

We can't accept your petition because the UK Government and Parliament aren't responsible for the issue you raise. The fixing of the Energy Price Cap is a decision for Ofgem and not the UK Government or Parliament.

Timeline

10 Aug 2022	Petition opened for signatures
11 Aug 2022	Rejected by the Petitions Committee

Key facts

Signatures 18

Status Rejected

Rejected 11 Aug 2022

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