Energy: Prices

(asked on 8th February 2016) - View Source

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

To ask the Secretary of State for Energy and Climate Change, what steps she is taking to ensure that reductions in the wholesale price of energy are passed on to consumers.


Answered by
Amber Rudd Portrait
Amber Rudd
This question was answered on 11th February 2016

Average domestic gas prices fell by £37 during 2015, and all six major suppliers have announced a further reduction in their tariffs in recent months. This is a good start, but the Government expects all suppliers to pass on reductions in the costs of supplying energy to consumers. I have met all the major energy suppliers in recent months to make that point clear.

The Competition and Markets Authority are nearing the end of their enquiry into the energy markets, and I look forward to their conclusions. I am determined to do whatever it takes to ensure markets work well for consumers.

Reticulating Splines