15. To ask the Chancellor of the Exchequer what discussions he has had with energy suppliers on the recent reductions in the wholesale costs of gas and electricity. (97070)

The recent reductions in the wholesale costs of gas and electricity are very welcome, and show how the new gas import infrastructure is delivering.

Regulation of the gas market is a matter for Ofgem which has said it will monitor the market carefully to ensure that reduced costs incurred by suppliers are passed on to consumers in appropriate timescales.