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Proceeding contribution from Damian Hinds (Conservative) in the House of Commons on Wednesday, 19 October 2011. It occurred during Opposition day on Energy Prices.


Energy Prices

The fact that the hon. Lady made those points does not make them bad points, and there will be further detail to come. Things do not necessarily have to be on the face of the legislation. As the green deal is introduced, I am sure that ensuring that the most vulnerable households share the benefits will be high on Ministers' list of priorities. The second point that I want to cover briefly is about complexity in the market. We know that there are hundreds of tariffs on the market—one of which, slightly inexplicably, involves getting a free football shirt. In some ways, complexity in the energy market is a reflection of increasing complexity in consumer markets in general. Those visiting the Sainsbury's wine aisle now need to take a Hewlett Packard scientific calculator to work out the best deal, whereas those looking for a savings account or a credit card deal need to spend quite a long time working out the best deal in the first place and, more importantly, need to be sharp and ensure that they cancel it at the right time to get the savings. Things are becoming harder for consumers, but they are especially difficult with energy because it is that much less tangible and has that much more complexity to it.


Secondary information

Type
Proceeding contribution
Reference
533 c982-3 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
Companies Competition Billing Carbon capture and storage Energy Ofgem Fuel poverty Fuel oil Prices Winter fuel payment Social tariffs
Link
View this Proceeding contribution on www.publications.parliament.uk