Price cap legislation wholly inadequate & proof the Tories have broken their promise to help consumers – Rebecca Long-Bailey

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Rebecca Long-Bailey MP,
Labour’s Shadow Secretary of State for Business, Energy and Industrial
Strategy, 
commenting on the Government’s energy price cap announcement, said:

“The price cap legislation introduced today is
wholly inadequate and
proof that the Tories have broken their promise to help consumers.

“It has no detail on the cap, what level it will be
at, how it is to be calculated or whether consumers will receive the £100
savings they were promised. It passes the buck yet again to Ofgem.

“It does not even guarantee when the cap will be
introduced. And there is no reform of the market just an overall review which
will be drawn out.

“Labour would introduce an immediate emergency
price cap to ensure that the average dual-fuel household energy bill remains
below £1,000 per year, while we transition to a fairer system for bill payers.”

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