Susan Elan Jones
Main Page: Susan Elan Jones (Labour - Clwyd South)
Mrs Anne McGuire (Stirling) (Lab)
6. What steps he is taking to improve competition in energy markets.
Susan Elan Jones (Clwyd South) (Lab)
7. What steps he is taking to improve competition in energy markets.
Mr William Bain (Glasgow North East) (Lab)
16. What steps he is taking to improve competition in energy markets. .
Mr Davey
I am grateful to the right hon. Lady for her question, but let me just correct her. The market share of the independents is now nearly 6% compared with less than 1% in 2010. That extraordinary growth in such a short period shows the value of competition, with 1 million people switching to independent suppliers over the past year. However, she makes an important point about wholesale energy prices, and we discussed that at length yesterday. We have taken action both through competition and through supporting the competition inquiry, which has real teeth. That stands in stark contrast to the previous Government. When the Leader of the Opposition was doing my job, he failed to take any action, even though wholesale energy prices fell much faster than they are doing now.
Susan Elan Jones
The Minister seems to have forgotten that his party has been in government now for four years, and that last autumn the Which? survey showed that consumers have been paying almost £4 billion over the odds since 2010. Why does he not show a little courage and leadership and break up the big six when the evidence is all in favour of doing so?
Mr Davey
Unlike the hon. Lady’s party leader when he was doing my job, we have referred the energy markets to the independent competition authorities for the most thorough investigation to check that they are behaving in the interests of consumers. More than that, unlike the previous Government who saw the number of energy companies fall from 15 to six, we have increased competition so that people have a real choice, and that is now working. There is still more to do, because the energy markets we inherited from the previous Government were in such a mess.