(7 years, 10 months ago)
Commons Chamber7. What steps her Department is taking to reduce energy bills for (a) businesses and (b) households.
8. What steps her Department is taking to reduce energy bills for (a) businesses and (b) households.
The best way to deliver lower energy bills for businesses and households is to have a robust and competitive energy market. There are now over 40 energy suppliers in the domestic retail energy market, which is up from 13 in 2010, and independent suppliers have over 17% of the dual fuel market. Competition is improving, but we are not complacent, and we look forward to implementing the recommendations from the Competition and Markets Authority’s final report on the issue.