Energy firms say price cap on bills could hit UK roll-out of smart meters

Big six also warn investment in energy sector is in jeopardy if firms are not allowed to challenge level at which bills are cappedTheresa May's price cap on energy bills risks damaging her government's hopes of installing millions more smart meters in homes, two of the UK's biggest energy companies have warned.Giving evidence before the business, energy and industrial strategy committee , British Gas owner Centrica said: "We believe the price cap will damage the rollout of smart meters and may reduce the total number of meters installed." Continue reading...