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Edward Davey, Secretary of State for Energy, responds to Npower‘s announcement about the rise of their energy tariffs

Energy and Climate Change Secretary Edward Davey said:

“This is another disappointing announcement from a big energy company. Some of the Big 6 seem not to have noticed that they are no longer alone in the market – there are now fifteen small suppliers, and some really competitive fixed deals out there.

“Today I’m publishing hard figures on the costs energy companies really face in delivering the Energy Company Obligation (ECO), so consumers can see what this scheme is really costing energy companies.

“These figures – supplied by the energy companies themselves – show that the costs are in line with previous schemes so there should be no need for any increase to consumer bills due to ECO.”

 EDITORS Comment:   

The pussy footing of the Energy Minister is evident in this statement as comments, such as this leads us evermore into a state of the consumer pays higher and higher energy prices, just to stay warm! The fact that these companies bosses award themselves larger and larger pay rises, the energy shares rise ever higher, and our Energy ministers best advice is shop around, provides us with no confidence at all that this government will curtail these 6 giants!

He states that he is going to tell us how hard done by the energy companies are with a new report ,but look at their profits year on year and bonus payments for delivering what, higher bills, lack of investment into new infrastructure, and above all no sign that this Energy minister has any intention of taking our grievances any further.

So what next well we already know that Osborne is climbing into bed with the French company EDF, but with the added bonus {for them}, not us, that the Chinese will be taking a 20% stake. Of course we are told that the company EDF will not take any tax payers money – that is at the front end of course, not the same situation at the end of building the nuclear power plant. Then they will get a price of £92.50 per therm of electricity provided, but as ED Davey said on BBC Radio Four today ,it will drop to £89.50 ,providing they sign-up for another deal on another plant.

Well as Ed Davey was asked by Stephanie Flanders Financial Correspondent on BBC Radio Four, does this mean the UK get to invest in the Chinese Energy Markets? – he declined to answer, changed the subject and was cut-off! He returned later with the same rhetoric as we have heard so often before, and it goes something like this ” Without this type of Investment into our Energy Industry we cannot sustain prices as we do now” what are we sustaining! 

Is that not how this speech started, in the first place, all about the rise of energy tariffs, let me check! Yes l was right the speech was headed:Edward DaveySecretary of State for Energy, responds to Npower‘s announcement about the rise of their energy tariffs.  

Has he forgot so quickly what he said on the 21st October 2013 – hang on a minute that is today.                      

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