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The Archbishop of Canterbury, spiritual leader of the world's Anglicans, weighed into Britain's debate over energy prices on Sunday, calling on companies to justify the latest rises and siding with cash-strapped families. Justin Welby, a former oil company executive who has taken on the corporate world several times since starting the job in January, said suppliers should be "conscious of their social obligations".
The rising cost of gas and electricity has dominated headlines since opposition leader Ed Miliband promised last month to freeze energy bills for 20 months if he wins the next election in 2015.
Prime Minister David Cameron, narrowly behind Labour in the polls, has rubbished the proposal as unworkable, but conceded Miliband had struck a chord with families struggling with a squeeze on wages, public spending cuts and high household bills.
"The impact on people, particularly on low incomes, is going to be really severe in this, and the companies have to justify fully what they are doing," Welby told the Mail on Sunday newspaper. "I do understand when people feel that this is inexplicable, and I can understand people being angry about it."
The rises have fed into a debate over competition in the energy market, acceptable levels of corporate profit and how the parties are going to address what Miliband calls a cost of living crisis across Britain. Energy supplier Centrica raised household electricity and gas prices last week by an average of 9.2 percent - more than three times the inflation rate. Its rival SSE announced an 8.2 percent rise earlier this month.

Copyright Reuters, 2013

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