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. A spokesman for SSE said: “while we will work with an open mind with government on any reforms, we would always caution about the potential unintended consequences of any intervention in what is a rapidly changing and increasingly competitive market.” 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 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.