Wednesday 25 September 2013

Labour plans ensure Pacers have a long future?

So. This is Ed Miliband's big idea! 

"The next Labour government will freeze gas and electricity prices until the start of 2017. 

"The companies won't like it because it will cost them money. But they have been overcharging people for too long because of a market that doesn't work. It is time to reset the market." 

Quite so.

However, Energy UK has responded by saying “Freezing the bills may be superficially attractive, but it will also freeze the money to build and renew power stations, freeze the jobs and livelihoods of the 600,000 plus people dependent on the energy industry and make the prospect of energy shortages a reality, pushing up the prices for everyone."

Just what we need with an expanding electrified network. 

Time to dust off plans for new build DMU fleets.