MPs vote against Ofgem powers on energy bills

Ed Miliband’s attempt to secure new powers for Ofgem to make energy suppliers pass on price cuts failed yesterday when MPs voted down the plan. The Labour leader revealed the idea over the weekend, resurrecting energy prices as a hot issue ahead of May’s general election. In a Labour motion for Opposition Day, 305 MPs voted against […]

Labour plans would lead to “yo-yo” pricing – Davey

Ed Davey slammed the Opposition’s plans for energy yesterday, claiming they would create higher, “yo-yo” prices for consumers. The Energy Secretary was speaking in the Commons ahead of a vote on new powers for Ofgem, which Labour lost. The vote prompted a verbal brawl on whether controlling retail energy prices was possible or desirable, with […]