The 'Big Five' energy companies should bepublicizedand energy prices should drop to last year's levels,says the Greens. increase.
Green co-leader Carla Denier says plans to freeze Labor's proposed price cap have not gone far enough because bills are "already out of reach" at current levels.
The party said it would cost £37bn to amend the price cap at last October's rate and another £2.8bn to put the companies in public ownership. This is about half of the £70bn cost of the Covid furlough scheme.
The policy would be funded by increasing VAT revenues, strengthening the government's windfall tax and increasing taxes on the wealthy, it said.
The government has yet to announce significant new cost-of-living measures since the spring, but both Tory candidates have promised to do so if he becomes prime minister in September.
However, Labor and the Liberal Democrats say they will use public subsidies to keep energy prices at current levels.
Since April, her billing cap has increased by 54% to £1,971 from her £1,277 for a typical household. He lightly passed 3,000 pounds this winter and is expected to be over 4,200 pounds by January.
"There is widespread anxiety across the country about the prospect of unpaid electricity bills this winter," said Denyer, who co-leads the Greens.
“Other parties have only proposed fixing energy prices at current levels, but we know these are already unaffordable.
"This experiment in the energy supply market has failed. Only governments can intervene on the scale necessary to avert catastrophe this winter." Public ownership of energy retailers is unlikely to reduce bills on its own.
These prices are high due to a surge in demand as the global economy reopens after Covid, and supply restrictions due to Russia's invasion of Ukraine.
Shell and Centrica, among others. of wholesale energy companies are also posting record profits on the back of rising gas prices.
However, public energy retailers may be forced into debt by governments to subsidize lower bills to their customers. This is effectively a subsidy underwritten by the Ministry of Finance.
Emmanuel Macron's French government fully publicized the state-owned energy company EDF and imposed his 4% cap on any increase in household expenses. household.
The energy crisis is calling into question the UK's current industrial structure.
Kiel Sturmer has abandoned Labor's previous policy of privatizing energy, while former Prime Minister Gordon Brown said last week that the energy cap should remain in place and that the supply cannot survive.
The UK's local electricity companies were privatized in 1990, following the privatization of British Gas in 1986.
Previously, the Central Generating Board (CEGB) was responsible for generation, transmission and distribution. Most sales in England and Wales from the 1950s until privatization.
Privatization was intended to improve services and reduce costs, but limited real competition among experimental suppliers led the government to An energy price cap had to be imposed to prevent people from being unfairly treated.
The government has so far said it will offer a £400 discount on energy bills to all UK households this fall, but this will only cover a small part of the rising costs. Prime Minister front-runner Liz Truss has promised tax cuts to help some people with their living expenses, but said she wants to avoid what she calls "alms". 50}
