Well, the outcome of our campaign to bring forward energy price cuts has paid some dividends – as at least companies are now saying that energy bills should fall. Just not yet.
I met Deirdre Hutton, Chair of the Food Standards Agency today. Apart from talking food policy, she recalled what she saw as her best days of consumer campaigning in the early 1990s. Along with some big steps forward, she recalled doctors, lawyers and local government all shouting at her! So, I was pleased then to go to the Local Government Association and get a warm welcome. What is more, they are very supportive of action on energy prices, having produced a report last month on energy company profits. Energy suppliers, they reveal, have dramatically increased their dividend payments to shareholders by £257 million over the last year despite claims that high profits are needed for re-investment in energy infrastructure. Dividend payments have risen from £1.378 billion in 2006 to £1.635 billion in 2007, a 19 per cent increase and equivalent to £75 per household.
Lower energy prices? It’s worth a shout.