Plaid Cymru have today (14 October) called for a windfall tax on the large increase in profits of energy companies to support pensioners and others on low or fixed incomes during a period of massive energy price hikes.
The call comes as it emerged in a report from regulator Ofgem that profit margins of the “big six” energy companies are approximately £125 per customer following double-digit inflation-busting price rises during the year.
The announcement comes before the onset of winter when most people will be increasing their energy use to heat and light homes to compensate for colder months and shorter days.
“Energy companies should not be making massive and scandalous profits out of a basic human need such as heating and lighting your home,” insisted Plaid MP Hywel Williams, “The UK government should be utterly ashamed that this situation has been allowed to arise through their support of unfettered privatisation”.
He said that every winter he heard of pensioners and families on low or fixed incomes needing to make a choice between heating and eating.
“In this day and age, this is just not on,” said Williams, “It’s about time the Conservatives and Liberal Democrats in the UK government woke up and realised how hard life has become for some of the poorest and most disadvantaged in our society”.
Plaid Cymru are calling for a windfall tax on the “massive energy profits” They say that this will mean that the money can be returned to users to cap costs and introduce better insulation and other elements which will not just be cheaper, but also more environmentally friendly.
Plaid Cymru, whose name means “Party of Wales” in Welsh, is a socialist party working for an independent Wales within the European Union.