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Old 09-08-2022, 14:31   #833
1andrew1
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Re: The energy crisis

Devil's in the detail on how this might work - that's the beauty of being in opposition - but at least they see the urgency of the situation.
Quote:
Lib Dems call for parliament to be recalled to pass bill scrapping rise in energy price cap

The Energy Price Cap Increase (Cancellation) Bill would make Ofgem maintain the existing rates, saving households an average of £1,400 this year, the Lib Dems said.

The Liberal Democrats are demanding parliament be recalled from its summer recess to pass a law to scrap impending hikes in energy prices.

The party has drafted legislation to cancel the price cap rise, which is due to be announced at the end of the month and coming into force in October.

The Energy Price Cap Increase (Cancellation) Bill would make Ofgem maintain the existing rates, saving households an average of £1,400 this year, the Lib Dems said.

The bill would also make the government produce a report into extending and backdating the windfall tax on oil and gas company profits to help cover the cost.

Liberal Democrat leader Ed Davey said: "People are worried sick about the next staggering rise in energy bills which is just round the corner.

"Yet we are faced with a deafening silence from the prime minister and chancellor, while both Conservative leadership candidates have failed to come up with a bold plan to solve this crisis.

"The Liberal Democrats have prepared legislation that is ready and waiting to implement our plans to scrap the energy price rise. Parliament must be recalled now so we can pass this law as soon as possible."
https://news.sky.com/story/lib-dems-...e-cap-12669040
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