What is Labour's plan to freeze energy bills?

IndyEat

Sir Keir Starmer has announced his plan to tackle the skyrocketing energy bills this winter, calling runaway domestic fuel a "national emergency". Labor leader would freeze Ofgem's energy price cap - the maximum amount utility companies can charge customers at standard tariffs, preventing further dramatic hikes planned for October and January.

He said 'wouldn't let people pay a penny more' and the policy would save families £1,000 a year, according to Labour's own calculations .

The £29bn needed would come from closing the 'absurd' loopholes of Rishi Sunak's windfall tax on oil and gas giants and backdating it to January (generating £8 billion), scrapping existing measures such as the £400 energy rebate promised by the former Chancellor (£14 billion) and bringing inflation under control, which would cut payments by interest on the additional £7 billion government debt.

“Millions of people are already struggling with their bills, we all know across the country and the rises expected in October... from a price cap of just under £2,000 to £3,500, then £4,200 and millions of people, millions of families saying 'I just can't afford it'," said Sir Keir at BBC Radio 5 Live on Monday.

RecommendedCost of living - live: Starmer says energy bill freeze presents Cost of Living – Live: Starmer talks about energy bill freezes 'double the benefit' for the public fuel bill freezes by extending windfall tax" height="56" width="82" layout ="responsive" class="i-amphtml-layout-responsive i-amphtml-layout-size-defined" i-amphtml-layout="responsive"/>Starmer pledges to freeze fuel bills by extending exceptional tax

What is Labour's plan to freeze energy bills?
IndyEat

Sir Keir Starmer has announced his plan to tackle the skyrocketing energy bills this winter, calling runaway domestic fuel a "national emergency". Labor leader would freeze Ofgem's energy price cap - the maximum amount utility companies can charge customers at standard tariffs, preventing further dramatic hikes planned for October and January.

He said 'wouldn't let people pay a penny more' and the policy would save families £1,000 a year, according to Labour's own calculations .

The £29bn needed would come from closing the 'absurd' loopholes of Rishi Sunak's windfall tax on oil and gas giants and backdating it to January (generating £8 billion), scrapping existing measures such as the £400 energy rebate promised by the former Chancellor (£14 billion) and bringing inflation under control, which would cut payments by interest on the additional £7 billion government debt.

“Millions of people are already struggling with their bills, we all know across the country and the rises expected in October... from a price cap of just under £2,000 to £3,500, then £4,200 and millions of people, millions of families saying 'I just can't afford it'," said Sir Keir at BBC Radio 5 Live on Monday.

RecommendedCost of living - live: Starmer says energy bill freeze presents Cost of Living – Live: Starmer talks about energy bill freezes 'double the benefit' for the public fuel bill freezes by extending windfall tax" height="56" width="82" layout ="responsive" class="i-amphtml-layout-responsive i-amphtml-layout-size-defined" i-amphtml-layout="responsive"/>Starmer pledges to freeze fuel bills by extending exceptional tax

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