NEWS POLITICS

Welsh Liberal Democrats urge UK Government to cancel energy price hike

Welsh Liberal Democrats urge UK Government to cancel energy price hike

1 year ago 880 views

...
...
By Nation Cymru

Welsh Liberal Democrat Leader Jane Dodds has called on the UK Government to protect families from soaring energy bills by cancelling October’s price cap increase.

  Sign up today

Click here to get your free All About Newtown account today and get localised stories and much more.

9 stories left to view without an account.

Halting the 70% increase in the energy price cap, expected to be announced by Ofgem later this month, would save a typical Welsh household an extra £1,683 a year.

The Liberal Democrats want the government to pay the shortfall to energy suppliers so that they can continue to supply customers at the current rates.

They say the estimated £36 billion cost should be met by expanding the windfall tax on oil and gas company profits and using the UK Government’s higher-than-expected VAT revenues as a result of soaring inflation.

The party is also calling for more targeted support for vulnerable and low-income households.

This would include doubling the Warm Homes Discount to £300 and extending it to all those on Universal Credit and Pension Credit, while investing in insulating fuel poor homes to bring prices down in the long term.

Welsh Liberal Democrat Leader Jane Dodds said:

“Both Conservative Party leadership contenders would be negligent if they really plan on letting the October price cap increase as planned.

“Neither candidate has any idea how to help families and pensioners through what could be the toughest winter in decades.

“Likewise Welsh Conservative MPs and MSs have failed to stand up to their incompetent bosses and left their constituents to suffer the consequences of inaction.

“We need bold and urgent action to help families pay their bills and heat their homes this winter. There is no other choice.

“Energy bills have already gone up by £700 this year, and Conservative Ministers have barely lifted a finger to help. We simply cannot afford more inaction in the face of another even bigger rise in October.

“This is an emergency, and the Government must step in now to save families and pensioners £1,600 by cancelling the planned rise in energy bills this October.”

 Read the rest of this story on nation.cymru

Related or similar stories based on this one

Image for the article Who's on the Car Parking Review group?
Who's on the Car Parking Review group?

4 months ago

Image for the article Fire Service to hike council levy
Fire Service to hike council levy

2 months ago

Image for the article Householders warned about traders offering to install home energy products
Householders warned about traders offering to install home energy products

8 months ago

Image for the article Age Cymru offer free home energy checks
Age Cymru offer free home energy checks

8 months ago

Image for the article Ofgem slashes energy price cap to £1,923
Ofgem slashes energy price cap to £1,923

5 months ago

Image for the article Hike means £71 rise in water bills for Powys
Hike means £71 rise in water bills for Powys

2 weeks ago

Follow us

Connect with us on Facebook, Twitter and Instagram

   

Trending
 
Newtown sees big average speed drop after 20mph
 
Town councillors set to respond to school proposals
 
Property for sale in Latham Drive, Newtown
Donate to us

We're a not-for-profit community interest company and have no corporate owners. We'd appreciate anything you can give to keep us providing free content.

  Donate via PayPal
Upcoming Events
Lampshade Making Workshop

24/02/24 10:00am The Dressmaker's Daughter

Newtown AFC v Bala

24/02/24 02:30pm Newtown Football Club

Sunday Sew School for kids

25/02/24 10:00am The Dressmaker's Daughter

Latest Stories
 
Rob Page to visit charity evening in Newtown
 
How did your councillor vote on the budget for 24/25?
 
County councillors approve budget