Labour is setting out new measures to ‘break the link’ between gas and electricity prices, reducing the impact of global gas price shocks on the price of electricity.
Furthermore, we are giving Ofgem new powers, in the first major update to the energy regulator’s scope since it was founded in 2000. This will include the ability to ban bonuses for the bosses of energy companies who breach licence conditions and cause harm to consumers.
Working people shouldn't bear the brunt of global gas price shocks while electricity generators make exceptional profits.
