My Lords, as I said earlier, I think there needs to be some flexibility. Where money is returned to suppliers they have a choice between paying it out as dividends and salaries or using it to reduce costs to consumers. We believe that, as we have a competitive market, benefits should be passed on to consumers. It would be in the interests of suppliers to pass the money on to consumers. I suspect that as the market becomes far more competitive it will be in their interest to try to vie for as many consumers as they possibly can. I think we need to be able to allow that flexibility and not constrain it. On that basis, I hope that the noble Baroness will withdraw her amendment.
Energy Bill
Proceeding contribution from
Baroness Verma
(Conservative)
in the House of Lords on Monday, 28 October 2013.
It occurred during Debate on bills on Energy Bill.
Type
Proceeding contribution
Reference
748 c1421 
Session
2013-14
Chamber / Committee
House of Lords chamber
Subjects
Librarians' tools
Timestamp
2013-12-20 04:44:48 +0000
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