Downing Street Says » Energy Prices

» Monday, January 7, 2008

Energy Prices

Asked if the Prime Minister shared the Chancellor’s concerns about energy prices, the PMS said that the Government’s view in general was that we do have a competitive market for energy prices in this country and that price changes were commercial decisions. However, Minister’s were concerned, the Prime Minister as well as the Chancellor, about the effects of price rises and the effect they could have on businesses and vulnerable customers in particular. In the Chancellor’s role as guardian of macro-economic stability, it was only right that he should seek an assessment from OFGEM of recent developments.

Asked if the Prime Minister was happy with how the energy market was functioning, the PMS said that these were matters for the regulator.

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