The Centrica ’s ruling SSE has promised to cap energy costs, causing share prices in Berenberg , which owns British Gas, to fall 4.2% , whilst shares in SSE fell 3.2% . Both companies saw similar share price drops in 2013 when former Labour leader Ed Miliband pledged to introduce an energy price freeze. Ministers have said that a cap on standard variable tariffs, paid by six of households, would save families £ 100 ($ 128 ) on average 2013 . Berenberg bank estimated that a cap would cost energy companies at least £ 1.7bn a year, with the industry's big six firms shouldering the majority of losses.
The UK’s ruling Conservative Party has promised to cap energy costs, causing share prices in Centrica, which owns British Gas, to fall 4.2%, whilst shares in SSE fell 3.2%. Both companies saw similar share price drops in 2013 when former Labour leader Ed Miliband pledged to introduce an energy price freeze. Ministers have said that a cap on standard variable tariffs, paid by over two-thirds of households, would save families £100 ($128) on average each year. Berenberg bank estimated that a cap would cost energy companies at least £1.7bn a year, with the industry's big six firms shouldering the majority of losses.