Homes and businesses need action on energy prices not another review – Rebecca Long Bailey

Rebecca Long Bailey, Labour’s Shadow Secretary of State for Business, Energy and Industrial Strategy, commenting on the energy price review said:

“Today’s review is yet
another example of the Government’s procrastination when it comes to reforming
the broken energy market. Homes and businesses face a bleak winter ahead with
soaring and unfair energy costs. They need action, not another review.

“Ofgem’s recent watered down price cap proposals went nowhere near the promise
made by the Prime Minister to adopt Labour’s principle of a price cap and last
week’s energy price hikes clearly showed the Government would be nowhere near
implementing their election promise anytime soon.

“Let’s remember Theresa May pledged unequivocally to knock £100 off the bills
of 17 million customers.

“It does seem that
reports of senior cabinet members and the big six energy companies lobbying the
Prime Minster to drop the price cap commitment are correct.”