The German model is the best way of escaping the clutches of the energy giants
The revelation that most of the big energy companies are systemically overcharging customers by 3.7bn a year is national scandal that must be tackled.
The revelation that most of the big energy companies are systemically overcharging customers by 3.7bn a year is national scandal that must be tackled.
If it’s not wholesale prices or green levies that are causing such large spikes in the retail price, then what is?
This very helpful graph from IPPR sets out exactly why the failure of competition between the Big Six energy companies is having such an impact on household energy bills.
At today’s Energy and Climate Change Committee the bosses of the Big Six are likely to face a grilling by MPs over recent hikes in customer bills.
Miliband is not only taking on the Big Six energy companies, he is pushing back against a public fatalism about government power to effect change that has been over 30 years in the making.
The figures released by Ofgem today should in no way create the sense that the price of wholesale gas is not the main cause of rising energy bills.
Scottish Power (SP) has just announced that it is to put up the price of its gas by an average of 8.5 per cent and electric by 9 per cent from 6 December.
Npower have announced that they are to put up energy bills by 10.4 per cent from 1 December – the highest price rise so far by any supplier.
The most important thing now is that Ed Miliband and the Labour Party stand firm against the inevitable cascade of sour grapes that are about to come their way. Here are three reasons why that is so important.
Home energy prices went up sharply in late 2012. If the energy companies want us to trust them, they shouldn’t be telling one story to their investors and a completely different one to their customers.