Tom Greatrex
Main Page: Tom Greatrex (Labour (Co-op) - Rutherglen and Hamilton West)I thank the hon. Gentleman. That is exactly right. The biggest feature of the market is the fact that 99% of British energy consumers are served by just six companies, and we desperately need to increase that number. The arrangements that we are announcing today are designed to bring new entrants into the market by providing certainty on price, because one obstacle that they have is in understanding how the market works. Many of the new entrants will therefore be encouraged to invest.
The Secretary of State referred to the need for a “strong, independent regulator” to protect consumers. Given the store he places by that, is it not time that Ofgem looked again at the practice of door-to-door selling, through which many vulnerable consumers are being ripped off by the big six?
The hon. Gentleman is absolutely right. We continue to monitor that issue and are discussing it with Ofgem. We will bring forward any appropriate measures when we have considered the matter.