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Price-cap regulation is a form of incentive regulation capping the prices that firms in a natural monopoly position may charge their customers. Designed in the 1980s by UK Treasury economist Stephen Littlechild, it has been applied to all privatised British network utilities.
Real estate analysts have told the Times that the price cap could be keeping thousands of potential rentals off the market. More than 11,500 homes were destroyed in last month’s fires.
The Domestic Gas and Electricity (Tariff Cap) Act 2018 (c. 21) introduced a default tariff energy price cap in England, Wales and Scotland as part of the UK's energy policy, to safeguard the 11 million households on standard variable tariffs.
The state of Hawaii briefly introduced a cap on the wholesale price of gasoline (the Gas Cap Law) in an effort to fight "price gouging" in that state in 2005. Because it was widely seen as too soft and ineffective, it was repealed shortly thereafter. [citation needed]
The price caps should at least provide a sense of relief to families that qualify, said Dr. Ixsy Abigail Ramirez, a pediatric pulmonologist at University of Michigan Health. Some families, she ...
The U.S. and its Western allies announced new measures on Friday to cap the price of additional Russian petroleum products, including diesel and gasoline. U.S., G7 announce new price caps on ...
In 2019, the California legislature passed and the governor signed AB 1482, which created a statewide rent cap for the next 10 years. [51] The Tenant Protection Act of 2019 caps annual rent increases at 5% plus regional inflation. [ 51 ]
The White House says nearly 4 million older people qualify for the new, lower price. The price cap for Medicare recipients was part of the Inflation Reduction Act, which originally sought to cap ...