Wayne David
Main Page: Wayne David (Labour - Caerphilly)
Matthew Hancock
First, we got the Competition and Markets Authority to look into that matter, because it had not been investigated under the previous Government. The CMA’s initial conclusion was that we have a competitive market at that level, so the precise detail that the hon. Gentleman sets out is not the problem. The remaining problem in the UK’s energy market is that it needs to be more competitive in order to get a better deal for customers. The last thing anybody needs is for prices to be frozen at the high levels at which Labour proposed to freeze them.
Wayne David (Caerphilly) (Lab)
5. What steps he is taking to help households with their energy bills.
Susan Elan Jones (Clwyd South) (Lab)
10. What steps he is taking to help households with their energy bills.
The Parliamentary Under-Secretary of State for Energy and Climate Change (Amber Rudd)
Energy bills are a significant and important part of people’s household budgets. The Government have delivered, on average, a £50 reduction in energy bills, boosted competition in the energy market and ensured that fairer tariffs are in place. Last year alone, 3.1 million people switched energy supplier, and we are helping more consumers to save up to £200 or more through our Power to Switch campaign.
Wayne David
Wholesale gas and electricity prices have fallen by some 20% over the past 12 months, yet household bills have gone down by only 5%. Is that fair, and what is the Minister going to do about it?
Amber Rudd
We are taking action on that. My right hon. Friend the Chancellor led on that by calling in the big six to speak to them about it, and that was followed up by my right hon. Friend the Secretary of State. We have seen reductions. All I can say is thank goodness we did not have the freeze that Labour proposed in September 2013, because we would then have seen no reduction at all. We do not take anything for granted, which is why we are supporting the CMA review into the market. We eagerly await its results at the end of the year, when we can take action.