UK energy suppliers hit by May's price-cap plan
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London
A BRITISH government plan to cap prices has wiped hundreds of millions of pounds off the value of household energy suppliers but details are scant and doubts remain about its implementation.
Prime Minister Theresa May said on Wednesday that a cap will be imposed on standard variable tariffs (SVT), the basic rates that suppliers charge if a customer does not opt for a specific payment plan for gas and electricity.
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