Ed Miliband's Net Zero drive will 'definitely not' cut energy bills for customers, the boss of British Gas' owner has warned.
Chris O'Shea, chief executive of Centrica, said he was 'frustrated' at the 'misinformation' that renewable energy will bring down costs for households.
His comments come as a major blow to Mr Miliband – Labour's Energy and Net Zero Secretary – and raised questions over the Government's pre-election pledge to slash £300 off bills by 2030.
In a post on social media platform LinkedIn, Mr O'Shea said: 'The build-out of renewables will not materially reduce UK electricity prices from current levels. They may give price stability and avoid future price strikes... but will definitely not reduce the price.
'I fully support the move to a cleaner energy system. I am simply very frustrated that people peddle misinformation at best, and disinformation at worst.'
