Andrew Nutt (Letters, 7 October) asks what will stop energy companies raising prices in advance of Labour’s promised price freeze if we win the General Election in 2015. But we are already seeing energy companies offering price freezes to pre-empt Government action following Labour’s pledge. Most energy companies realise that they have lost the trust of the public. Labour’s energy reforms and the price freeze are a chance to reset the market and restore trust. And so in the end, I think the energy companies will play ball. But if these companies opt to collude and hike prices, then this would be illegal and even a weak regulator like Ofgem would have no choice but to step in. But I just don’t see the energy companies doing this. There is another alternative of course: I’ve been collecting signatures on our petition to ask David Cameron to freeze energy prices now.
You can sign the petition here http://action.labour.org.uk/page/s/david-cameron-freezethatbill