Richard Neudegg - uSwitch

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Last quote by Richard Neudegg

A price cap would be the death knell for competition. It would remove any incentive for energy companies to drive down prices and fight to keep their customers, entrenching the position of the incumbent big six. It would create a false sense of security for consumers on poor value SVTs, reducing the chance of them seeking a cheaper deal.feedback
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Apr 23 2017
Richard Neudegg has most recently been quoted in an article called Experts slam Conservative plans to cap energy bills as 'clumsy and counterproductive'. Richard Neudegg said, “Quite rightly, politicians want to ensure that consumers get a better deal on energy. But a price cap on standard variable tariffs would do more harm than good. Price caps may sound like a magic bullet, but heavy-handed price intervention could have the unintended effect of leaving consumers worse off. Instead of lowering bills, previous market interventions in the energy sector have led to lower switching rates and higher prices – a finding backed by the CMA in its energy market investigation.”. Richard Neudegg has been quoted a grand total of 6 times in 3 articles.
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