All Campaigns subcategories:
Big Energy piles on the misery
Energy regulator Ofgem has raised the price cap on what gas and electricity companies can charge 15 million households by between £87 and £96 a year (£1,156 or £1,138) - a 9% increase - from 1 April. The price cap is the maximum energy companies can charge consumers.
This sizeable price rise comes at a time when many households' incomes have been pummelled by the effects of the pandemic, including wage and job cuts.
It also will hit poor households at exactly the same time as Chancellor Rishi Sunak is planning to claw back the £20 pandemic increase in Universal Credit. Before the pandemic hit us, 'fuel poverty' was already affecting over 10% of households in the UK.
Industry-friendly Ofgem boss Jonathan Brearley blithely told customers that "if they want to avoid the increase in April they should shop around for a cheaper deal".
But £23 of this increase is energy companies clawing back costs incurred from unpaid consumer bills.
Energy companies are also accused of passing on to consumers the Climate Change Levy - the government's environment tax - and the cost of installing smart meters (even though companies save administration costs).
The nationalisation of 'big energy', which could mean clean energy generation and lower household fuel bills, is long overdue.
14 Apr Workers strike and protest
Phone our national office on 020 8988 8777
Email: [email protected]
Locate your nearest Socialist Party branch Text your name and postcode to 07761 818 206
Regional Socialist Party organisers:
Eastern: 079 8202 1969
East Mids: 077 3797 8057
London: 075 4018 9052
North East: 078 4114 4890
North West 079 5437 6096
South West: 077 5979 6478
Southern: 078 3368 1910
Wales: 079 3539 1947
West Mids: 024 7655 5620
Yorkshire: 078 0983 9793