I wrote in January about how Labour was twisting the facts about energy prices.
A short report produced by ONS yesterday shows that domestic energy expenditure has been relative flat recently. It shot up under Labour, going up 52% in real terms between 2004 and 2009. The report’s headline number is spending up 55% in real terms between 2002 and 2012. Strange they didn’t want to identify the steep bit of the graph more prominently although the steep bit is discussed in the detail.
The ONS says:
Most of the increase in average spending on energy came between 2004 and 2009, reflecting the significant increases in energy prices which occurred over this period. By 2009, the average household spent the equivalent of £108 a month (in 2012 prices) on energy. Since then, there has been relatively little change in the average monthly spend on energy.
The limited change in expenditure since 2009 may be explained by a combination of factors, including a fall in domestic energy prices in 2010, and price rises in subsequent years appearing to be offset by lower energy use, partly due to milder winter temperatures.
It is clear that if you want to blame a party for high energy bills rather than world markets and a host of other factors then that party should be Labour.