Martin Whitfield MP is highlighting the potential for the Energy Price Cap, which comes into effect on 1 January 2019, to save money for energy consumers in East Lothian.
The new cap, which was a Labour idea at the 2015 general election and which the current Tory government has only introduced after pressure from its won backbenchers, will give new powers to the energy regulator, Ofgem, to cap the prices customers on default tariffs pay for their electricity and gas.
Martin Whitfield MP said:
“Earlier this year, following pressure from Labour and her own backbenches, Theresa May finally
recognised that the energy market is broken and introduced the Energy Price Cap. This will go some way to help hard-pressed energy consumers but is only a short-term, half-hearted measure.
“Labour has been clear that we would go much further taking the bold measures needed to reform our broken energy market in the long run, such as bringing energy back into public ownership, to deliver a service which really works for consumers.”
Citizens Advice Scotland has produced a helpful leaflet that explains what the Energy Price Cap means for consumers www.cas.org.uk/publications/energy-price-cap-what-it-means-you