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Energy: Prices

Volume 457: debated on Friday 23 February 2007

To ask the Secretary of State for Trade and Industry what assessment he has made of the extent to which energy suppliers in the UK have passed on reductions in wholesale energy prices to their customers in each of the last five years; and if he will make a statement. (121745)

Monitoring and enforcing competition in Great Britain's gas and electricity supply markets are the responsibilities of the independent energy regulator, Ofgem. The Government look to the regulator to make full use of its powers under the Competition Act 1998 and Enterprise Act 2002 to safeguard the interests of gas and electricity consumers.