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Richard Lochhead

Moray SNP News

MORAY MP SAYS HIGH ENERGY PRICES SHOW FAILURE OF UK GOV ON REGULATION

09/07/2015  

Moray’s MP Angus Robertson has pointed to a report by Competition and Markets Authority (CMA) finding energy tariffs offered by the big six energy companies were around five per cent higher than they should have been between 2009 and 2013.

The SNP has long been pushing the UK Government hard on regulation issues, especially on pricing and the local MP says this report backs up the concerns he and other SNP MPs have raised over the years and the UK Government must take urgent action.

Energy prices being around 5 percent higher than they should be over four years will have cost the average household hundreds of pounds, money which would otherwise have helped those families with other critical costs in a difficult financial period.

It is also concerning for the local Moray economy as that, in effect, millions of pounds not spent in the region but instead going into the coffers of the energy companies.

Angus Robertson MP said:

“This report makes it clear that regulation of the energy industry by Westminster has failed consumers for many years. What we hearing from the CMA is that consumers have been overcharged hundreds of pounds. Multiplying that across thousands of households in Moray we see literally millions of pounds being lost from local households and, by extension, our local economy.

"The SNP in Government invests in energy efficiency programmes to support people that need help paying their bills or keeping their home warm. With the full devolution of energy policy, we could sort out the mess the UK Government has made of the industry and deliver lower, fairer pricing for all consumers.

“Instead of sorting out the fundamental regulatory issues affecting consumers the UK Government has instead focused on moves to cut support for onshore wind leading to confusion and uncertainty for the important renewable industry. In addition enormous subsidies for new nuclear generation dwarf those being offered to wind, wave and tidal generators, and risk squeezing investment in these vital technologies.

“The focus needs to be on renewables and regulation to make sure that the public as energy users get fair pricing and long-term security of supply, not the haphazard policy currently operated that panders to nuclear at the expense of both consumers and the massive renewables potential we have in Scotland.”

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