Energy: Prices

(asked on 2nd September 2016) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps he is taking to reduce domestic energy bills for consumers.


Answered by
Jesse Norman Portrait
Jesse Norman
This question was answered on 9th September 2016

Effective competition is key to keeping bills down, and consumers must have trust in the market. It is important every household gets a fair deal and that is why we supported the Competition and Markets Authority investigation into the energy market and will be responding in due course.

There are now over 40 energy suppliers in the domestic retail energy market, up from 13 in 2010. Independent suppliers now have over 17% of the duel fuel market. Customers on expensive standard tariffs could save around £300 by switching to the cheapest fixed deal.

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