John Penrose

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Last quote by John Penrose

An absolute cap would throttle competition, be out of date as soon as the wholesale price of gas goes up or down, and energy firms would spend more time lunching their regulators than delighting their customers.feedback
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Oct 11 2017
John Penrose has been quoted in 20 different articles. Most recently, John Penrose has been quoted saying, “It's the best way to protect families from being ripped off, it would keep plenty of customer choice, competition would be red hot, and the customer would be king once again.” in an article called Energy suppliers battered as price cap legislation moves ahead. This is only one of 28 quotes from John Penrose. To see more examples John Penrose’s views and opinions, check out the section below. You can filter John Penrose's quotes by date and by topic to see, for example, what John Penrose said about nothing recently and in the past.
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John Penrose quotes

Jul 03 2017

Ofgem's proposals will not end the energy rip-off for 17 million families, as we promised in our manifesto. Under this plan, fewer than 3 million customers will be helped and the remaining 14 million will see their energy bills rise as energy companies recoup the cost of the cap by milking the rest of us.feedback

Jun 14 2017

Whatever the problems and criticisms levelled at the Conservative party's election campaign, we got one thing absolutely right: the energy price cap.feedback

Jun 14 2017

Energy firms could still have as many tariffs as they wanted, so there'd be plenty of customer choice and competition would be red hot.feedback

Jun 14 2017

A month ago the argument was won, but over the last couple of days the big six have been stirring things up and are still trying to stitch up a deal to get the whole thing dropped. The very fact that they don't like it, while their best challengers and competitors do, should tell us we're on the right track.feedback

May 22 2017

This big six stitch-up will do nothing to protect the vast majority of consumers. The prime minister was absolutely right to propose an energy price cap that helps the 17 million of us who are on rip-off tariffs.feedback

May 09 2017

We need to make the energy market more competitive, so the customer is king and big business fat cats can't take us for granted. The only way to do this – without distorting the market – is by imposing a temporary relative price cap to protect all customers who forget to switch at the end of their contracts.feedback

May 08 2017

It isn't sustainable for the big six to threaten they'll scrap their cheapest tariffs. They would condemn themselves to a slow commercial death, milking a declining customer base because they wouldn't win any new business.feedback

May 08 2017

We should recognise these threats for what they are: empty bluster to create political pressure during the election campaign or, at most, short-term measures which won't be sustainable once the post-election dust has settled.feedback

Mar 16 2017

Loyal customers are being systematically ripped off by big energy firms, and it's just not fair.feedback

Mar 13 2017

We still get lots of competition, lots of choice, but it does mean the most vulnerable of us or those of us with least time to switch suppliers don't get ripped off. In most things in life if you are a loyal customer you are valued and rewarded. But apparently for your energy bill, loyal customers in the view of big energy firms are there to be exploited and not rewarded – and that doesn't seem fair.feedback

Mar 11 2017

Loyal customers are being systematically ripped off by big energy firms, and it's just not fair. Most industries don't exploit their best customers like this, by quietly switching them on to expensive default tariffs when their existing deal comes to an end. Loyalty should be rewarded, not exploited.feedback

Dec 07 2016

But if we start bickering about them before we've even begun our journey to leave the EU, we will never take the first step.feedback

Jun 09 2016

I can think of nothing more dangerous, nothing more corrosive, if we in this place say that we are not listening and we stick our fingers in our ears and refuse to honour the decisive decision.feedback

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