Labour Higher Energy Prices

In 2013 Labour promised to freeze energy prices for 20 months if they win the 2015 general election.

As feared when this pledge was made – energy companies would de risk Labour winning by ensuring higher prices before the election to buffer them from this proposal.

With the dramatic fall in wholesale energy prices only some has been passed onto consumers. Npower and others have stated that they would have decreased prices by more than the 5.1% they have reduced prices by IF it wasn’t for Labours pledge. Power are behaving perfectly rationally to de risk their business from the risk Labour policies are causing them.

And it’s the consumers who are now paying (roughly £140/year) for this daft Labour policy.

Whoever you are you probably can save money by shopping around – Ofcom can help.

NB. For transparency I’m with Good Energy.

 

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