09:19
Tieng Anh Vui
Britain's biggest energy firms have rejected Labour's plan to freeze energy prices, saying it will jeopardize much needed investment.
Labour leader Ed Miliband has pledged to freeze gas and electricity bills for every home and business in the UK for 20 months if it wins the 2015 election.
In response, one chief executive said that it was "very easy" for politicians to come up with "simple" solutions.
He said that rising energy prices were needed to pay for investment.
Paul Massara, chief executive of RWE npower said: "If the Labour Party can commit to reducing policy costs on household energy bills, stopping the smart meter roll-out, preventing commodity cost increases and accept that there won't be any investment in new power stations and infrastructure, then we could freeze our prices. But will this make things better for Britain?"
Business lobby group the CBI said that there now appeared to be a contradiction in Labour's energy policy.
"Rising energy bills are tough on families and businesses. But the proposed energy price freeze will deter much-needed investment and is at odds with Labour's pledge to decarbonise the economy and create a million green jobs," said John Cridland, CBI director-general.
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