Tuesday, 12 November 2013

Labour calls on energy bosses to forgo bonuses http://www.energy-broker.co.uk/labour-calls-on-energy-bosses-to-forgo-bonuses/

The energy bosses of all the major energy firms should follow the example of Centrica boss Sam Laidlaw and forgo their bonuses, Caroline Flint, the shadow energy secretary, has said .

She said: “They should all reflect on what they are being paid not just this year, but in previous years and future years”.

Flint said the energy market needed fixing, arguing that evidence showed that wholesale costs did not justify the recent price rises.

“Prices could have been lower than they are today”, she said. “At present we do not have a market we can trust. They generate energy. They are wholesalers and retailers. They sell it to themselves before they sell it to us”.

Flint again promised that during its proposed 20-month price freeze a Labour government would break up the big energy companies and create a market in which the country could be clearer about the true costs of energy.

via Labour calls on energy bosses to forgo bonuses | Environment | theguardian.com.

Labour calls on energy bosses to forgo bonuses

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