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UK energy providers back revocation of CMA's prepayment price cap

By Victoria Ibitoye ( February 19, 2019, 16:27 GMT | Insight) -- Energy providers have urged the UK’s competition watchdog to review and possibly revoke its cap on how much they can charge customers using prepayment meters. Npower, E.On, EDF Energy, Centrica and SSE say market changes and the introduction of a separate cap on energy prices by sector regulator Ofgem have led to “inconsistencies” that could best be solved by scrapping the cap altogether.Energy providers have urged the UK’s competition watchdog to review and possibly revoke its cap on how much they can charge customers using prepayment meters....

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