The energy price cap announcement means bills for the average customer on a default tariff will rocket from £1,277 to £1,971 from April.
An eye-watering £693 rise to the average household’s yearly energy bill could not come at a worse time. It will pile more pressure on already stretched household budgets.
This nightmare financial squeeze is down to 12 years of Conservative mismanagement that has left us exposed to the global surge in gas prices.
Ministers did nothing while our gas storage levels were cut to tiny levels compared to other European countries. That’s why we are so reliant now on supplies from Russia and Qatar.
The Government has dithered for years when it should have been working hard to build up a supply of renewable and nuclear energy.
Their incompetence in failing to regulate the energy market has been matched by…
