Downing Street Says » Energy Bill

» Wednesday, November 21, 2012

Energy Bill

Asked how the Government could make sure that consumers had lower energy prices the PMS said we were changing the law to make sure people got the lowest tariff and there was a regulator to ensure proper competition. Part of the reason the market was not working was because of the complexity of the market. That meant only a small number of customers switch between providers. By simplifying the tariff structure you would get better competition in the market which would drive down prices. Our energy policy WAS designed to deliver a balanced energy mix over time, delivering low prices to consumers and ensuring security over supply.

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