September 29, 2022

Political party urges government to scrap October price cap

A POLITICS party based in Wantage and Didcot is calling on the government to help households in south Oxfordshire save an extra £2,076 a year.

The Liberal Democrats of Wantage and Didcot have called on the Government to spare families from soaring energy bills by reversing October’s price cap increase, accusing the Tories of ‘stalling in the face of a national emergency’.

The plan would save a typical household in South Oxfordshire and the White Horse Valley an additional £2,076 a year.

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The energy price cap is currently £1,971 per year for a typical household. It rose by £693 (54%) in April.

The 70 per cent increase in the energy price cap due to be announced by Ofgem later this month, which is expected to be a cap of around £3,400, would be reversed, with the government instead paying the lost revenue to energy suppliers so that they can afford to supply customers. at current rates.

This would mean an estimated total saving for households in our area of ​​£114,871 on their electricity and gas bills.

The Liberal Democrats say the estimated £36billion cost should be met by raising the windfall tax on oil and gas company profits and using the government’s higher-than-expected VAT receipts due to soaring coronavirus ‘inflation.

The party is also calling for more targeted support for vulnerable and low-income households. This would include doubling the Warm Homes discount to £300 and extending it to all those on Universal Credit and Pension Credit, while investing in the insulation of fuel-poor homes to bring prices down in the long term .

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It also suggests an emergency home insulation program to reduce people’s energy bills, starting with energy-poor or at-risk homes.

Wantage and Didcot Liberal Democrat parliamentary spokesman Olly Glover said: ‘Hard-working families in Wantage and Didcot are already struggling to make ends meet and are deeply concerned about how they will cope. the expected increase in energy bills.

“This Conservative government is treading water in the face of a national emergency and, once again, simply not doing enough to put money back into the pockets of hard-working people.

“Countless families and retirees in our region are already struggling, and they cannot wait for a new Conservative leader to act.

“This is an emergency, and the government must step in now to help families and pensioners here by reversing the planned increase in energy bills in October.”

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Mr Glover is the potential new Liberal Democrat parliamentary candidate for the Wantage and Didcot constituency and wants to improve poverty, public transport, infrastructure etc.

This story was written by Gee Harland. She joined the team in 2022 as a senior multimedia reporter.

Gee covers Wallingford, Wantage and Didcot.

Get in touch with her by emailing: [email protected]

Follow her on Twitter @Geeharland

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