UK Parliament / Open data

Energy: Prices

Written question asked by Derek Twigg (Labour) on Tuesday, 17 December 2013, in the House of Commons. It was due for an answer on Tuesday, 17 December 2013 (named day). It was answered by Michael Fallon (Conservative) on Tuesday, 17 December 2013 on behalf of the Department of Energy and Climate Change.

Question

To ask the Secretary of State for Energy and Climate Change pursuant to the answer of 9 December 2013, Official Report, column 13W, on energy: prices, for what reasons he has not held any meeting where he has asked energy companies to lower or not increase their prices.

Answer

In a competitive market, it would not be appropriate for Ministers to dictate pricing strategies to energy companies. DECC has received representations to introduce such a policy of price fixing. This would result in higher prices for consumers before and after a freeze and damage investment. Therefore we have rejected these representations.

Type
Written question
Reference
180473; 572 c609W
Session
2013-14
Energy Bills
Monday, 2 December 2013
Proceeding contributions
House of Commons
Subjects
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