In tough times, it’s important to help hardworking people with their energy bills. That’s why the Conservatives are forcing energy companies to put customers on their cheapest tariffs.
In contrast, Ed Miliband’s unworkable energy policy is already unravelling.
- Ed Miliband has confessed that energy companies could appeal to the Government to overturn his proposed ‘price freeze’. And he can’t explain what would happen if prices were put up by the energy companies before such a freeze.
- Experts are also warning Ed Miliband’s plan could result in blackouts as happened in California when a similar policy was introduced. That’s because the freeze would starve energy companies of money to invest in infrastructure.
To make things worse, Ed Miliband is also committed to introducing an energy policy that would add £125 to the typical household’s bill.
- Ed Miliband has committed to decarbonising the power sector by 2030. Research commissioned by the Committee on Climate Change estimates that an extra £7.5 billion a year would be needed to achieve this. This support would come on a per-unit of electricity basis from all users, which will add around £125 to household bills. (Labour Party Press Release, 22 November 2012, link; POYRY, Technology Supply Curves For Low-Carbon Power Generation, June 2013, p. 99, link; DECC, Impact of Policy on Household Bills, link).
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