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Commenting on plans announced today (Thursday) by the Energy Secretary to reform the energy market, TUC General Secretary Frances O’Grady said:

Commenting on plans announced today (Thursday) by the Energy Secretary to reform the energy market, TUC General Secretary Frances O’Grady said:

“Households are spending almost twice as much of their income on gas and electricity as they did a decade ago. This is what a living standards crisis looks like.

“But these proposals will do little to help, and look like the result of a desperate search for something to say rather than action to help household budgets.

“Ministers need to deal with the root causes of this dysfunctional market and excess profits without jeopardising our future energy security by cutting vital investment in low-carbon energy.”

A recent TUC analysis of official national statistics found that gas and electricity prices to consumers have increased by 152 per cent over the last decade – four times faster than inflation (38 per cent).

NOTES TO EDITORS:

- The TUC’s campaign plan can be downloaded from www.tuc.org.uk/campaignplan

- All TUC press releases can be found at www.tuc.org.uk

- Follow the TUC on Twitter: @tucnews

Contacts:

Media enquiries:
Rob Holdsworth    T: 020 7467 1372    M: 07717 531150     E: rholdsworth@tuc.org.uk

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