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AS parties: divide over energy prices

Jim Riley

19th October 2011

A quick update to my ongoing study note about policy divides between the Conservatives and Labour.

This is taken from the Guardian:

“The government has persuaded energy suppliers to write to 8 million customers to tell them how to switch payment methods, find lower tariffs and insulate their homes to save energy.

The prime minister pledged the big six companies would be “permanently watched” and should put their shoulders to the wheel in what he called a “winter call to action”.

However, Labour said the government should have used the “bully pulpit” of government to insist the big six energy companies kept costs down.

Caroline Flint, Labour’s shadow energy and climate change secretary, said: “For the big six to agree with David Cameron to hold their price increases over the winter, when wholesale energy prices have been falling in recent weeks, is a complete betrayal of the public.”

Labour believes the government had a series of options, including “pressurising” the energy companies to cut prices this winter, extracting a promise of fewer, simple tariffs and giving the regulator immediate powers to open the books of energy companies.”

Jim Riley

Jim co-founded tutor2u alongside his twin brother Geoff! Jim is a well-known Business writer and presenter as well as being one of the UK's leading educational technology entrepreneurs.

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