Ed Davey: Call COBRA meeting over further Ofgem cap rise

As if people weren’t already struggling with just about everything going up very steeply in price, Ofgem said today that further pain is on the way. A further rise in the energy price cap means that households could be paying another £900 per year come October. This would be an almost doubling of the cap in 6 months and would be disastrous for people who were finding impossible to afford the basics before April’s rise.

Ed Davey has called on the Government to declare a national emergency and convene a special energy COBRA meeting to chart a way forward.

He said:

It is now or never to save families and pensioners on the brink. The government must declare the cost of living crisis a national emergency.  Boris Johnson has sat on his hands for months, he cannot waste a single second longer.

Millions of people will face the heartbreaking choice between heating their home and putting food on the table if the Government fails to act.

The Prime Minister must finally show national leadership. An energy COBRA must be convened immediately, including hauling in energy firms to finally declare a windfall tax on their eye-watering profits.

Britain will never forgive Boris Johnson if he fails to save families and pensioners in a national emergency.

Read more by .
This entry was posted in News.
Advert

3 Comments

  • Lorenzo Cherin 24th May '22 - 10:40pm

    This is good from Ed , but this is very little.

    Ofgem need to be overhauled. The lift of this cap makes no sense. If the wholsale price has changed, tough, the profits, Ed’s description, are eyewatering, so the price increase can morally be justifiably absorbed by the companies, not given as increased prices.

    We need a regulator to regulate. And we need to nationalise energy and have it run as a service.

  • David Goble 25th May '22 - 9:29am

    @ Lorenzo Cherin. ”

    @ Lorenzo Cherin. “We need a regulator to regulate. And we need to nationalise energy and have it run as a service.”

    I couldn’t agree more!

  • Jenny Barnes 25th May '22 - 11:31am

    The profits aren’t enough to make a significant differnce to the price. Price cap needs to be removed – it was cynically put in place on the assumption that energy prices would stay low or drop. As it is, many energy suppliers have gone bust and Bulb is already in public ownership. We should be supporting the poorest with an increase in UC and medium term starting to insulate homes. Paid for with increased taxes on other things… Airline passenger duty strikes me as a good candidate, but probably higher rate income tax would need to go up too. The energy price won’t drop till we’ve been through the forthcoming recession caused by the big drop in discretionary spending: hospitality, cars, holidays, non-food retail …

Post a Comment

Lib Dem Voice welcomes comments from everyone but we ask you to be polite, to be on topic and to be who you say you are. You can read our comments policy in full here. Please respect it and all readers of the site.

To have your photo next to your comment please signup your email address with Gravatar.

Your email is never published. Required fields are marked *

*
*
Please complete the name of this site, Liberal Democrat ...?

Advert



Recent Comments

  • Andy Boddington
    This is a very male dominated discussion, which is a surprise given its subject. We editors will hold back some comments from people who have already spoken to ...
  • expats
    Far too many, "Nah, nah, nah', we did better than you did", comments.. Please, just grow up and concentrate on removing this government!...
  • Jeff
    Paul Barker 24th Jun '22 - 2:11pm: The thing that has struck me about coverage of last night is how everyone is running down the Solid Labour win in ...
  • Cassie
    ...also, wouldn't he have to be an MP? Mordaunt maybe, but she'd need to up her public profile. A lot....
  • Cassie
    Mordaunt and Frost are both ardent Brexiteers. Well, Frost is these days, he was pro-EU. and then negotiated a deal he later thought was rubbish, and then he qu...