Don Valley MP, Caroline Flint, has laid out Labour’s pledge to give a new regulator power to remove energy licenses, if they win the next election.
Speaking in her capacity as Shadow Energy, Ms Flint, announced yesterday that the next Labour Government will give a tough new regulator the power to revoke energy companies’ licences.
She said this power will be used where there are repeated instances of the most serious and deliberate breaches of their licence conditions which harm the interests of energy consumers.
“At the next election there will be a real choice between another five years of rocketing energy bills, rip-off tactics and poor customer service under the Tories – or Labour’s plans to freeze energy bills until 2017, saving the average household £120, and reform the energy market for the future,” said Ms Flint.
She added: “The public have a right to be treated fairly by energy companies. Where firms fail to meet these standards there must be tough and decisive action.”
“Too often energy companies seem to view the regulator’s fines as a cost of doing business – not as a warning to get their act together.”
According to new figures released this week energy bills have risen by 21 per cent since 2010. This led to an average annual increase of £221 in energy bills last year, when compared to the same bills in 2010.