Tag Archives: energy prices

Davey demands gas price investigation

Energy minister Ed Davey has written to the regulators questioning high profit margins on retail gas, and demanding an investigation: reported by the BBC, Independent and others.

It is suggested that if gas margins were similar to those for electricity, this could save the typical household £40 per year. The letter suggests that British Gas/Centrica prices and profits suggest a monopoly position.

The full text of the letter is here, and you can read more of our coverage of energy prices here.

Posted in News | 4 Comments

Energy: What Lib Dem members think about the price freeze and new nuclear power station deal

Lib Dem Voice has polled our members-only forum  to discover what Lib Dem members think of various political issues, the Coalition, and the performance of key party figures. Some 750 party members responded – thank you – and we’re publishing the full results.
Would you support or oppose the following policies…?

64% oppose energy price freeze

… Freezing energy prices for 20 months from May 2015, while reviewing the regulation of energy companies

    7% – Strongly Support
    16% – Support
    Total support = 23%
    34% – Oppose
    30% – Strongly Oppose
    Total oppose = 64%
    12% –

Posted in LDV Members poll | Also tagged and | 3 Comments

Opinion: Don’t waver on energy policy

The recent debate on energy prices was kicked off by Ed Miliband’s declaration that a Labour government would freeze energy prices for a while. Understandably this is attractive to some who are struggling with household bills but the proposal will not in the long run benefit anyone (except perhaps the Labour party). Energy companies can only control the prices they charge to a very limited extent; they would put up their prices in anticipation of a price freeze then raise them again when the freeze is over. Labour are attempting to bribe the electorate with their own money.

It now looks …

Posted in News | Also tagged | 11 Comments

Ed Davey nails Labour’s energy price freeze: “Prices go up, small, independent competitors go out of business, the big six is created again. Well done, Mr Miliband!”

Here’s Lib Dem energy secretary Ed Davey highlighting one of the many flaws in Ed Miliband’s promise to freeze energy prices in today’s Guardian interview:

ed davey energy prices

(Hat-tip: John Rentoul in The Independent: Quotation of the Day.)

Posted in News | Also tagged , , and | 48 Comments

Ed Davey writes… Keeping down household energy bills

House of Commons at NightYesterday, I outlined why Labour’s energy policies would be bad for consumers, bad for tackling climate change and risk the lights going out.

However misguided Ed Miliband’s energy policies are there is no doubt that he was seeking to respond to the fact that many consumers are feeling the pinch through rising energy bills. The recent price increases by SSE and British Gas will hit consumers hard and I am afraid there will be more to come.

So what is our response?

Posted in News and Op-eds | Also tagged | 14 Comments

Energy price cap round up

It is now 6 days since Ed Miliband’s announcement that if elected, he would cap energy prices for 20 months, while undertaking a restructure of the energy market intended to bring lower prices in the long run. Some details have followed, for example that the cap would not necessarily be set at the May 2015 price, but may be set at an earlier price if energy companies appear to be hiking prices to beat the cap. This wouldn’t stop them hiking prices to build up a war chest.

George Eaton in the New Statesman called this a “brilliant trap …

Posted in News | 22 Comments

Nick Clegg’s e-mail to party members: The myth: green versus growth

Nick Clegg has been promoting his new deal with the six biggest energy companies which will mean that every consumer will receive a statement every year telling them if they’d be better off on a different tariff and how to change things. It’s part of what seems to be a strategy to debunk the idea put about by George Osborne and the Tory right that you can’t be green and have a growing economy at the same time. It makes sense that if we use our resources carefully, costs come down and that benefits everybody, business, consumer and the environment. …

Posted in News | Also tagged , , , and | 8 Comments
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