FT: Ed Miliband’s energy crusade misses target, say experts

Ed Miliband’s call for an energy price freeze will resonate well with consumers increasingly fed-up with rising fuel bills. But the Labour leader may have picked the wrong target.

Experts say the real drivers of mounting energy costs are factors outside the big six energy suppliers’ control – such as green policies pursued by the coalition but with their roots in the Labour government where Mr Miliband was energy secretary.

The Labour leader wrote to the big suppliers on Wednesday saying he wanted to “reset” a market that had “consistently failed to secure the confidence of the public or the investment Britain needs”.  MORE