Freeze energy prices now

Gas and electricity bills have gone up by £300 a year for the average household since David Cameron took office.

Gas and electricity bills have gone up by £300 a year for the average household since David Cameron took office.

At the Labour Party conference Ed Miliband announced that if elected he will freeze energy bills: but David Cameron could do that now if he wanted to. That's why the Labour Party has organised a petition to bring about just that. Please support the campaign by signing the petition at www.labour.org.uk/energy-petition

 

 

There's a useful calculator to help you work out how much you personally would save if Labour's proposal is implemented: http://action.labour.org.uk/page/s/energy-calculator

 

Some points to remember:

 

  • The energy companies are making huge profits. Centrica's (British Gas) profits for the last financial year were £1.5bn. Their chief executive received around £4mn in bonuses for just one year. They are not going to exit the market over a two year freeze, they will accept it.

 

  • Households will benefit, but so will small businesses, and so will public sector institutions like schools, hospitals and councils. That is a significant sum of money that could go in to front line services. When working people have to accept a pay freeze, that's called a tough choice. When the energy companies are told to freeze their bills, that's too tough apparently.

 

  • In 1997 Tony Blair used a windfall tax on utility companies to fund the New Deal for the young unemployed. This is very similar, only consumers will be benefiting directly rather than through government.
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