Question

To ask the Secretary of State for Energy and Climate Change, what plans she has to ensure that energy companies do not overcharge consumers.

Competition is a key element to keeping prices as low as possible. There are now 25 independent suppliers for households to choose from in addition to the 6 largest suppliers, giving more choice than ever before. By switching from the standard tariff to the best fixed deal on the market, many people can save around £200 and some could save more. We have already made it simpler and quicker to switch supplier and are working towards next day switching.

In addition, we supported Ofgem’s reference of the energy markets to the Competition and Markets Authority (CMA) and are committed to implementing any recommendations the CMA deem necessary.