Wigan MP Lisa Nandy joins campaign to end energy profiteering by the ‘Big Six’ energy companies
Lisa Nandy has joined a Parliamentary campaign in support of the End the Big Six Energy Fix campaign.
The campaign is being championed by a wide range of charities, Parliamentarians and the Independent newspaper.
In the first six months of 2011 alone the Big Six energy companies posted profits of around 3.5 billion and in October 2011 the energy regulator Ofgem revealed profit margins for the energy suppliers increased by 733 per cent.
Lisa Nandy said:
The average household energy bill for people in Wigan has doubled in the past six years from around 600 a year in 2004 to more than 1,200 a year today.
Across the UK, there are now more than 5.5 million households hit by fuel poverty which have resulted in an estimated 3,000 premature winter deaths. Given these shocking statistics, it is appalling that the biggest energy companies are raking in such profits. I have therefore called on the Government to introduce a new windfall levy on their profits with revenues used to ensure that every home is insulated and highly energy efficient.
I would also urge the energy regulator to seriously consider re-introducing a cap on prices to prevent energy companies from passing the cost of any levy on to customers.