Caroline outlined Labour’s energy policies which will keep us warm, save us money and combat climate change.
Under the Tory / LibDem coalition:
- 6 million low income families live in homes which are too expensive to heat.
- Over 1.5 million are struggling to pay to live in the coldest private-rented homes,
- ....but fewer than one in ten will get any help under Cameron’s plans.
- Household energy bills have increased by over £300 a year since 2010
- A typical small business has seen its energy bills rise by more than £13,000.
- Since 2011, wholesale costs have risen by an average of 1% a year according to one supplier but retail prices across the industry have spiked by 10.4% a year.
- At the same time, the market has failed to deliver low carbon investment. Large scale clean energy investment has fallen from £7.2 billion in 2009 to under £3 billion in 2012 – and is heading below £1.9 billion.
Rising bills are a symptom of a poorly functioning market that has allowed consumers to be overcharged.
Labour’s policies will take families out of fuel poverty. We will:
- Impose a price freeze on the cost of energy
- Regulate energy companies so they don’t overcharge consumers – who have no choice but to buy energy
- Make interest-free loans available to improve energy efficiency and reduce bills
- Give the Green Investment Bank more powers
- Insist that private rented properties meet a decency standard by 2027, bringing warmth to 5 million homes over 10 years
- Set real targets to reduce carbon emissions.
She had been listening to people from Peru and the Philippines talk to school children about the devastating effects of hurricanes and global warming on the lives and livelihoods of families across the world – not caused there, but suffered there. Labour will improve our contribution to combating climate change.