Caroline Flint MP, Labour’s Shadow Energy and Climate Change Secretary, commenting on EDF’s yearly results, which reported an increase in earnings to £1.689 billion, following their price rise in January which added £49 to the average household energy bill, said:

“However you look at it, there’s no hiding the fact that on David Cameron’s watch the energy companies have increased their profits on the back of spiralling bills for hard-pressed consumers, contributing to a cost-of-living crisis for ordinary people.

“That’s why the next Labour Government will undertake the biggest overhaul of our energy market since privatisation. Our plans will break up the big energy companies, put an end to their secret deals and make tariffs simpler and fairer. And until these reforms kick-in, we will put a stop to unfair price rises by freezing energy bills until 2017, saving the average household £120.”