WINDFALL LEVY ON ENERGY COMPANIES

Motion Text

That this House notes with concern the decision taken by a number of energy companies to increase prices by in the region of 15 per cent.; further notes that energy companies continue to make huge profits with British Gas announcing profits in excess of £500 million for the past year; recognises that while energy companies satisfy shareholders the consumer is left to suffer, in particular those on low incomes and fixed incomes; and calls on the Government to impose a windfall levy on the privatised energy companies and use the money to increase the winter fuel payment payable to pensioners.