Wednesday, 23 October 2013

Cameron moving on energy

What David Cameron actually said at Prime Minister's Questions today on energy prices:

I do believe in intervening in the energy market that is why we are legislating to put customers on the lowest tariffs.

Bills in this country have reached an unacceptable level and we need to take action on that. We need to help people to pay their bills and we need to help people to get their bills down.

We need to roll back some of the green regulations and charges. There are the wholesale prices which are beyond our control, there are the costs of transmission and the grid, which are difficult to change, there are the profits of the energy companies and there are the green regulations.

And it is those last two that we need to get to grips with.

We will be having a proper competition test carried out over the next year to get to the bottom of whether this market can be more competitive. I want more companies, I want better regulation, I want better deals for consumers. But yes we also need to roll back the green charges.

We want a more competitive market. We need an annual audit of competition to make this market more competitive.

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