As the cold weather sets in rising energy prices are on everyone’s minds once again. That’s why last Saturday in Farringdon I launched my local day of action on energy prices. Many residents told me about their concerns around ever-increasing gas and electricity bills at the same time that wages are falling and household budgets are under pressure.
Last month in this column, I wrote about Labour’s plans to get the cost of energy under control. On day one of a future Labour government we would act to freeze energy bills for twenty months until 2017 and bring in a tough new regulator to take on the big six energy giants. The current market is quite clearly broken. [Read More]