Today, British Gas has announced an increase of energy prices over 9%. This follows the price hike by SSE over 8%.
Four more companies to go to hit consumers with their rip-off price hikes when millions in our country are having to choose between heating their home in Winter or eating.
A few days ago I wrote a blog calling for the nationalisation of energy companies which has received tremendous support. The blog is enclosed in the listings.
Labour have said they want a price freeze which I support but I have also said that it is a sticking plaster over a gaping wound.
The reality is, unfortunately, very little is being done to curb the excessive price hikes by the energy companies causing immense misery for millions.
I believe the energy market should be nationalised and my previous blog gives my reasons and barring this, as a short term measure I support a price freeze but much more can be done now to reduce energy bills by government.
I joined The Green Party because I have accepted that climate change is real with its devastating consequences. Therefore, I am opposed to fracking because of its clear environmental concerns both local, national and its impact on climate change.
Therefore, I support green taxes to help fund renewable energy sources as well as providing warm home grants and help with heating costs for the vulnerable. These green taxes increase gas bills by 6% for everyone and increase electricity bills by 11% for everyone.
Also, our energy bills are subject to Value Added Tax at 5% of all bills.
Most people accept that VAT hits the poorest the hardest. Even the Labour Party accept the recent VAT increase from 17.5% to 20% hits the poorest in society the most.
We rightly do not have VAT on the price of food as an essential for everyday living but in times of crisis and austerity and forever increasing price hikes in energy is it right that VAT is added to the overall price of our energy bills ? I don't believe it is right.
A 5% saving from the removal of VAT on energy bills will result in a saving of £50.00 per bill of £1,000.
I believe that "Green Taxes" should be funded through general taxation. I fully support "Green Taxes" for obvious reasons but not by including a 6% levy and 11% levy on every bill which means everyone pays, including the most vulnerable and poorest in society.
I believe an alternative way of raising "Green Taxes" should be found through general taxation by perhaps taxing more the highest earners to help pay for the renewables we so badly need. This means the vulnerable and poorest will have lower energy bills.
A 6% saving on gas will save £60 per £1,000 gas bill for every household and a £110 saving for every electricity consumer.
Drastic action should be taken to reduce energy bills. The removal of VAT and "Green Taxes" and the need to raise "Green Taxes" shifted via general taxation will ensure the poorest households are not hit through escalating rip off price hikes and "green Taxes" are raised but in a fairer way on those that can afford it.
The removal of VAT and "Green Taxes" via energy bills would save every household anything from £110.00 to £160.00 per £1,000 currently levied.
The reality is nothing is being done to help people now and my permanent solution is to nationalise the energy companies so that customers can no longer be ripped off by the need to fund dividends to shareholders by energy companies who continually rip their customers off.
British Gas Price hike -
Energy Bills Explained Ofgem - https://www.ofgem.gov.uk/ofgem-publications/64006/householdenergybillsexplainedudjuly2013web.pdf
Green Party website - http://www.greenparty.org.uk/
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