Ed Miliband’s pledge at the Labour party conference to freeze consumer power prices until 2017 has pitted energy groups’ claims that a cap would hit much-needed investment against those who believe consumers are paying over the odds.
Here is a snapshot of what the currently available statistics show us about domestic power bills:
Data from the Department of Energy and Climate Change is clear that consumers have been facing steadily rising energy bills with a real terms rise of over 40 per cent for direct debit consumers for electricity between 2007 and 2012.
Whilst ancedotes about Olympic fever are two a penny at the moment, do we actually have any evidence about how interested people are? Well these power demand charts, courtesy of the National Grid, perhaps offer one rough and ready way of looking at how engaged the stay at home audience has been at key points.
Firstly, of all the highest TV audience to date – the opening ceremony. The annotations on the charts are from analysts at the National Grid.
The pink line shows electricity demand for the equivalent Friday a year ago, and the blue line the actual demand during the opening ceremony – which drew an average of 22.4m viewers, the highest since 1998, and a peak audience at 9.45pm of 26.9m. Read more