Labour ‘plans energy price action’

Post by Kevin on 26th September 2011 in

Labour ‘plans energy price action’

Labour leader Ed Miliband is reportedly poised to outline measures aimed at boosting competition in the energy sector and driving down prices. 

In a speech to the Labour party conference in Liverpool this week, Mr Miliband is expected to call on Britain’s six largest utilities providers – British Gas, EDF Energy, E.ON, Scottish and Southern Energy, Npower and Scottish Power – to pool energy centrally, which he believes could deliver savings for the vast majority of consumers. 

“The focus of conversation around many kitchen tables is rising train fares and energy bills. People believe the government simply do not understand the pressures,” shadow foreign secretary Douglas Alexander said in an interview with the Guardian. 

Between them, the ‘big six’ control around 98 per cent of the British energy consumer base and there has been mounting concern in recent months that they have been too slow in passing on falls in wholesale prices to customers. 

Energy secretary Chris Huhne last week told the Liberal Democrat conference in Birmingham that the government would look into clarifying gas and electricity bills to give consumers a clearer idea of the best deal for them.

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