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Energy Prices

Volume 474: debated on Thursday 3 April 2008

17. To ask the Secretary of State for Business, Enterprise and Regulatory Reform what assessment he has made of the effect of recent rises in the cost of energy for (a) domestic and (b) business consumers. (198429)

Recent increases in retail energy prices, while unwelcome, have been largely due to steadily rising producer prices for oil, coal and gas. The UK is not alone in experiencing these price rises, and the UK’s competitive markets have ensured that prices are no higher than necessary. As of 1 January this year, UK energy prices for average domestic customers were significantly lower than in most EU15 states and prices for average industrial customers were around the EU15 median1.

1 Quarterly Energy Prices, March 2008, BERR.

20. To ask the Secretary of State for Business, Enterprise and Regulatory Reform what recent discussions he has had with domestic energy supply companies on their pricing arrangements. (198432)

Although Ministers have not met companies to discuss pricing arrangements, we have met with them to discuss how to take forward the announcement in the Budget on increasing the level of assistance energy companies provide to vulnerable households.