Should energy bills be capped by government?

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6th January 2014 by TFN Staff 0 Comments

Should energy bills be capped by government?

Poll results (total votes: 29)

Should energy bills be capped by government?
Answer:
Yes
Votes:
22
Ratio:
75.86%
Answer:
No
Votes:
7
Ratio:
24.14%

Energy giant EDF has warned green tariffs imposed by the government will be passed on to the consumer as the obligation to invest in renewable energy development is hitting profits. This is the latest in a long line of blows to energy consumers and for every 5% increase in energy prices, an additional 2% of all Scottish households are pushed into fuel poverty. Regulated tariffs are the norm in 17 out of 27 EU countries, and many countries across Europe still have state-owned energy companies. The UK market, on the other hand, has six major players which freely set prices, leading to fears the system encourages unfair price rises. As such, Labour says it would freeze gas and electricity bills for 20 months. Is this a viable plan? Should the government intervene to cap energy bills for a period in an effort to tackle fuel poverty and excessive profiteering by energy companies?