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Energy UK: 'Fixing prices will cost investment'

The Labour Party's proposal for an energy price freeze would cost investment in improving infrastructure, according to the energy industry's trade association.

Labour leader Ed Miliband has promised to cap gas and electricity bills prices for every home and business in the UK for 20 months if he wins the 2015 election.

However, Energy UK Chief Executive Angela Knight believes that the figures just "don't add up."

She told BBC Radio 5 live's Wake Up to Money: "If you are going to build new power stations, build wind farms, if you are going to invest in the transmission... you can't actually add the costs on one side and fix them on the other."

  • 25 Sep 2013
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