Chorlton MP John Leech has written to the Prime Minister calling for an urgent inquiry into the UK energy markets. In the letter John Leech MP asks David Cameron to investigate how energy companies came to the decision to raise customer bills by an average of 9.1%. He has also written to Climate Change Secretary Ed Davey asking for legislation to separate wholesale from retail markets.
In the past week energy bosses have faced questioning from MP’s, and blamed price rises on increasing wholesale costs and green levies. However John argues that energy firms have too much influence over both wholesale and commercial markets.
John said,
“In 1997 there were 14 big energy companies. Now there are just 6. Why did Labour in power allow such a small number of firms came to dominate 98% of the market, allowing them to charge extortionate prices.”
He added
“According to Ofgem, wholesale costs went up by 1.7% this year whilst bills are going up by almost 10%. Labour’s promise of an artificial price freeze seems attractive but looks like it might be helping force prices up now. I want a realistic and sustainable solution to this problem.”
Showing posts with label energy. Show all posts
Showing posts with label energy. Show all posts
Monday, 4 November 2013
Monday, 3 June 2013
Lib Dems delivering Green Jobs and Cleaner Energy
Guest blog by Ed Davey MP, Lib Dem Energy Secretary:
We are currently on the verge of a major breakthrough in delivering the greener and more sustainable Britain that we Liberal Democrats have been campaigning for all our political lives.
The Energy Bill returned to the Commons today and I'm fighting the green fight, to pave the way for the creation of 250,000 jobs, reduce our dependence on foreign gas, boost investment in low carbon technology and keeping bills low.
Not everything is plain sailing however. The 2030 power decarbonisation target is getting a lot of attention. I can assure you there will be such a target; it's just a question of when it is set.
If anyone questions how committed we are to tackling emissions we should remind them that just last week I announced plans to push for an ambitious ‘across the board’ target for a EU-wide 50% cut by 2030 – the most ambitious yet proposed.
The Bill sets out a plan for it to be agreed in 2016 which makes good sense as it would be made alongside the fifth carbon budget covering the period 2028-2033.
There are many vested interests who like to try and undermine our campaign for a greener and more sustainable Britain. I gave a speech this afternoon at the Institute of Physics, saying why we must now grasp the opportunity to fight climate change.
Do read it in full, here:
http://www.libdems.org.uk/speeches_detail.aspx?title=Ed_Davey's_speech_-_Climate_Change%3a_Acting_on_the_Science&pPK=43496d20-b3e4-4629-8d22-b3a66f3f2281
We are currently on the verge of a major breakthrough in delivering the greener and more sustainable Britain that we Liberal Democrats have been campaigning for all our political lives.
The Energy Bill returned to the Commons today and I'm fighting the green fight, to pave the way for the creation of 250,000 jobs, reduce our dependence on foreign gas, boost investment in low carbon technology and keeping bills low.
Not everything is plain sailing however. The 2030 power decarbonisation target is getting a lot of attention. I can assure you there will be such a target; it's just a question of when it is set.
If anyone questions how committed we are to tackling emissions we should remind them that just last week I announced plans to push for an ambitious ‘across the board’ target for a EU-wide 50% cut by 2030 – the most ambitious yet proposed.
The Bill sets out a plan for it to be agreed in 2016 which makes good sense as it would be made alongside the fifth carbon budget covering the period 2028-2033.
There are many vested interests who like to try and undermine our campaign for a greener and more sustainable Britain. I gave a speech this afternoon at the Institute of Physics, saying why we must now grasp the opportunity to fight climate change.
Do read it in full, here:
http://www.libdems.org.uk/speeches_detail.aspx?title=Ed_Davey's_speech_-_Climate_Change%3a_Acting_on_the_Science&pPK=43496d20-b3e4-4629-8d22-b3a66f3f2281
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