Wednesday 27 August 2014

Price freeze policy has caused a lot of problem

Ed Miliband
Ed Miliband
First published  
THE Labour Party are trying to have their political cake and eat it. On the one hand they have caused a huge crisis in our energy sector by their climate legislation of 2008. Now they are trying to salvage their reputation by offering an energy price freeze.
A price freeze will exacerbate the looming power crisis by lowering investor confidence. Ed Miliband’s naive desire to play climate saviour has left us with dangerous power shortages.
More investment capital is needed to replace the power infrastructure that Labour has recklessly decommissioned. Labour’s price freeze policy has already resulted in billions of capital being withdrawn.
We urgently need this money to build new infrastructure. Labour shut down fully functioning power stations and made no provision to replace any of them.
The Coalition is busy sorting out the mess and we should back them to the hilt, even if it means accepting shale gas. If not, then power will be rationed and a three-day week will cripple our economic recovery.
The Coalition have ditched unfair green levies that poor consumers paid to rich landowners for wind turbines thanks to Labour policy.
I wrote to the Coalition about this unfair tax in our electricity bills and they actually listened and acted. The Coalition have ensured that low income households are still eligible for an energy price discount and have free home insulation.
SUSAN THOMAS
Magdalen Road
Oxford

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