Reform UK claims a windfall tax on renewable energy firms could save millions of families hundreds of pounds on bills.
Reform UK has claimed its war on net zero could save UK households up to £350 a year on energy bills.
Deputy leader Richard Tice said the party’s proposed windfall tax on renewable energy companies will bring down costs for millions of British families.
He took aim at Labour, which, in Opposition and now in power, claimed its net zero policies would “help families save up to £300 off their energy bills~” from 2030.
Currently, millions of households have been warned April’s looming energy price cap rise could push up yearly bills by around £109.
Speaking at a Reform press conference, Mr Tice said: “They’ve given up saying whether the bills will come down, because they won’t under Net Zero, they will go up relentlessly in April this year.
The energy suppliers are currently forecasting a further increase from January of over 5% that’ll be 16% increase from July last year.
“Their bills are not coming down. If we do what we say, we recover, give or take, £10 billion a year. That’s about three to £350 per household per year.”
At the same event, Reform UK leader Nigel Farage declared war on net zero, claiming Labour’s clean energy targets are the “prime reason for the deindustrialisation of Britain”.
The arch-Brexiteer summoned the press to the heart of the City to describe his plans for an energy revolution, which is a far cry from what the traditional parties of power have offered.
He told attendees that if Reform were in Government, it would impose a law requiring all new pylons to be taken down and the cables put underground.
It comes after Labour voted against their own target of reducing household energy bills by £300 in real terms by 2030.
Peers in the House of Lords voted 121 to 131 on Tuesday night against including the reduction of household energy bills by £300 in real terms by January 1, 2030 in the Great British Energy Bill’s “statement of strategic priorities.”
The Prime Minister said last week that the £300 figure is “what we are driving towards” and his plan to build more nuclear reactors will help.
