Proceeding contribution from Ed Miliband (Labour) in the House of Commons on Thursday, 16 October 2008. It occurred during Ministerial statement on Department of Energy and Climate Change.
Department of Energy and Climate Change
My hon. Friend is absolutely right, but we need to address the issues in a cautious manner because, as the hon. Member for Mid-Worcestershire (Peter Luff) has said, investment and security are also important matters, and we need to ensure that companies keep investing. In this area, there is a whole range of problematic issues across the board, which, again, the Select Committee addressed very well. As I pointed out to the energy companies, only 60 per cent. of the people who switch supplier do better from having done so, which means that 40 per cent. are either no better off or worse off from having switched. I made the point to the energy companies yesterday that that does not suggest to me that the market is working as well as it should in relation to the information people are receiving and what is happening with prices. Somebody said to me yesterday that a week after having switched suppliers the prices changed and they were worse off from having switched. Therefore, a whole range of issues need to be looked at; I thought it was better to look at them in detail with proper care and attention than to make statements about them in my first two weeks in the job, but they are important issues that need to be addressed.
Secondary information
- Type
- Proceeding contribution
- Reference
- 480 c944
- Session
- 2007-08
- Chamber / Committee
- House of Commons chamber
- Subjects
- Climate change Energy Government departments Pollution control Prices Overcharging Renewable energy Carbon emissions Greenhouse gas emissions Department of Energy and Climate Change Climate Change Committee
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2023-12-16 01:12:40 +0000
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