Labour: Energy firms must help customers get through winter
Video Credit: ODN - Duration: 02:35s - Published
Labour: Energy firms must help customers get through winter
The shadow chief secretary to the Treasury has called on energy companies "who have been making very large profits" to do "everything they can" to help their customers get through the winter.
Darren Jones adds more investment needs to be made in UK-based renewable energy and that insulating homes should be made cheaper and easier for households.
Ofgem's energy price cap takes effect this weekend amid concerns households could still end up paying around 13% more than last winter.
Report by Brooksl.
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Households on the energy price cap will see a 7% reduction in their average annual payments from 1 July, Ofgem has confirmed. Ofgem's Tim Jarvis urged households on the price cap to "shop around" for savings as there are "better deals out there" despite the reduction in the default tariff. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Household energy bills will drop by 7% from July, the energy regulator Ofgem announced on Friday.
Ofgem's announcement is the first drop in the energy price cap for more than a year. Energy secretary Miatta Fahnbulleh welcomed the announcement, saying: "Bills going down will be a big relief for families who are under pressure with the cost of living. We have to continue the work of getting bills down for good."
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