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Thursday, October 17, 2013

MIliband puts up energy prices again

Ed Miliband is pretending to be the advocate of lower energy prices, but yesterday for the third time he was responsible for higher prices, this time for British Gas customers as BG put up prices by 9.2% yesterday after SSE increased prices last week.

The first time Ed Miliband put up energy prices was as Secretary of State when he introduced the green taxes which currently represent about a tenth of the typical home's energy bill.

The second and third times were SSE and BG price increases, which I regard as at least partly a  consequence of his speech promising a price freeze if he is elected in 18 month's time.

Of course, British Gas claim that their price rise is due to various rises in costs, including the impact of the green taxes originally introduced by Ed Miliband when he was secretary of state.

But even though this explanation may well contain a large element of truth, does anyone in their right mind believe that at least part of this increase isn't due to Ed Miliband's speech since it is likely that SSE and British Gas will have chosen to err on the side of a larger increase so as to get the prices up before Miliband might possibly get the chance to implement his price freeze?

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