HOUSEHOLD energy bills climbed nearly 10 per cent higher than inflation since 2010, damning new Government statistics have shown.
Ministers sneaked out the shocking squeeze on Brit’s wallets by revealing dual fuel bills soared by 9.2 per cent “in real terms” — on top of the 10 per cent cost of living in the same period.
The shameful numbers — buried in a reply to a written Parliamentary Question — lay bare the true face of the Big Six energy companies who have ramped up their bills at a far higher rate than inflation.
But they also show how green taxes and other Government energy market interventions have led to energy costs rising at a far higher rate than other bills.
Once inflation is factored in, in cash terms the average annual energy bills has increased by 19 per cent since the Conservatives came to power.
Responding to a question from Labour, Energy Minister Jesse Norman admitted that gas bills have went up by 5.9 per cent in that time, while electricity bills are up a whopping 13 per cent on top of inflation.
The Bank of England say inflation has averaged 2.7 per cent each year during the same period since the Conservatives won the 2010 election.
Last night Consumer Minister Margot James told The Sun: “The situation as it stands is not acceptable, so the Government will shortly set out its proposals to help energy consumers.”
Scottish Parliament BACKS second independence referendum as Nicola Sturgeon refuses to give in to Theresa May
Theresa May heralds momentous day for Britain as she signs historic letter that triggers Brexit process to take us out of the EU
Nearly £2billion worth of housing benefit owed to the Government due to ‘overpayment’ errors
Nigel Farage says Brexit won’t be a disaster – and is so confident he vows to ‘go and live abroad’ if it is
Article 50: What happens next? Everything you need to know once Theresa May kickstarts Brexit
Launch of new pound coin today causes ticket chaos as thousands of vending machines will not accept it
MEPs to veto Brexit deal if it blocks EU citizens who arrive in UK in next two years from staying
More than 50,000 EU laws will be brought to Britain by Theresa May’s Great Repeal Bill, new research shows
Labour shadow Brexit secretary Keir Starmer pockets £125,000 from law firm derailing Britain’s EU exit
Britain will refuse to pay Brussels’ £50bn ‘divorce bill’ for kickstarting Brexit, insists David Davis
Theresa May gives Nicola Sturgeon’s bid for second referendum short shrift
Microsoft boss refuses Amber Rudd’s demand for help on terror after Westminster attack
EU will be making major mistake if it tries to ‘punish’ UK for Brexit, Sadiq Khan warns
Cameron cronies ‘covered up attempts to lobby for Uber’ before BoJo’s failed crackdown on cab firm
What is the Living Wage, is it different from the national wage, how much is the new rate and is it higher in London?
She went on: “More and more people are switching supplier but still around two-thirds of British households are stuck on poor-value default tariffs.
“This is in spite of Ofgem saying in January that they saw no justification for big price rises.”
It came as the the Business Department stepped in to save heavy electricity users like steel and chemical companies around £100 million a year in energy costs.
Energy Minister Jesse Norman told MPs: “These industries are worth £52 billion to the UK economy, support 600,000 jobs and produce essential products that people use every day.”
“130 eligible energy intensive companies will be giving incentives to invest in greener energy solution”, he added.
“But the coste costs of funding the scheme are recovered through a levy on energy suppliers which is passed on to domestic and business energy bills.”