Bills will keep rising without switch to home-grown power, Miliband suggests Energy Secretary Ed Miliband has suggested he fears “bills will keep rising” without a switch to “clean home-grown power”.
Asked on BBC Breakfast about rising bills and the Bank of England’s judgments on Thursday, Mr Miliband said: “What we are seeing in the global fossil fuel markets is prices up 60% compared to a year ago.
I fear that bills will keep rising – and […] this is our whole point – which is the only way to bring bills down, the only way to get control back, is to have clean, home-grown power that we control.
Mr Miliband – in charge of the Government’s policy on energy security and net zero – also declined to get into specifics, but said that “individual projects” will be assessed “on the basis of the objective criteria we have”.
Thursday’s monetary policy report suggested inflation could peak at 3.75% late this summer as energy price rises, higher water bills and a rise in bus fares contribute to an increase in the cost of living.
