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SSE Energy Price Freeze Welcome Respite

Wednesday, March 26, 2014

Price Freeze By SSE Is A Welcome Respite As We Were Expecting Price Rises This Summer Says GMB

Nobody should be under any illusions though as the politicians and companies are desperately trying to avoid price increases before a general election says GMB.

GMB, the union for energy workers, commented on the announcement by SSE that it will freeze energy bills till Jan 2016. See Press Association for story on energy supplier SSE today pledge to freeze household gas and electricity prices until January 2016.

Gary Smith, GMB national secretary for energy, said "this is a welcome respite. We were expecting price rises this summer. Nobody should be under any illusions though as the politicians and companies are desperately trying to avoid price increases before a general election.

The trend in prices is up and they are likely to go up sharply. Politicians are clueless in how they meet this challenge."

End

Contact Gary Smith 07710 618 909 or GMB press office 07921 289880 or  07974 251 823

Notes to editors

Story on Press Association 26th march 2014

Big Six energy supplier SSE today pledged to freeze household gas and electricity prices until January 2016, immediately putting rivals under pressure to do the same.

The move, which comes amid intense political lobbying on energy companies over rising bills and soaring profits at a time when household wages are being squeezed, was hailed by Prime Minister David Cameron as "hugely welcome".

The sector faces the outcome of a regulatory probe within days, which is widely expected to see it referred for a full-scale two-year competition investigation.

Six months ago, SSE criticised a pledge by Labour to force suppliers to freeze prices, saying it would lead to "unsustainable loss-making retail businesses".

Labour's policy was dismissed at the time by Mr Cameron as unworkable and "Marxist", and Ed Miliband told the House of Commons today that SSE's decision had "totally demolished" the Prime Minister's arguments on prices.

"Week after week, he denounced Labour's call for an energy price freeze to help families and businesses, but now apparently he supports a price freeze," Mr Miliband told MPs. "Can he explain why a price freeze was wrong six months ago but it's the right thing to do today?"

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