Below is my press release in response to last weeks budget.
Labour’s parliamentary candidate for Morecambe and Lunesdale, Amina Lone, has welcomed proposals from the party that would see households in the constituency see their energy bills cut by as much as £100 annually. Under the plans announced today by Ed Miliband, the energy market regulator will be able to force energy suppliers to pass on reductions in wholesale electricity and gas prices to consumers, which they are currently failing to do. Consumer groups have estimated that overcharging by the big six energy firms is costing families and businesses £2.5bn every year.
Labour would introduce legislation immediately after the election to require regulator Ofgem to review prices by the autumn, meaning that savings would be passed on to households by the winter. This savings would come on top of Labour’s previous commitment to freeze gas and electricity bills until 2017.
Amina Lone said: “Too many families in Morecambe and Lunesdale aren’t feeling the benefits of economic recovery, with the quality of living still blighted by high bills and frozen wages – Labour’s proposals on energy bills would help to change that. It is unacceptable that the big six energy companies are failing to pass on the reductions in electricity and gas costs to local families, so Labour will take immediate action to change that. More than 39,000 Morecambe and Lunesdale households would see their energy bills fall by as much as £100 as soon as this winter, helping to tackle the cost of living crisis that is hitting so many families here hard.