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Written question asked by Mark Menzies (Conservative) on Monday, 16 March 2015, in the House of Commons. It was due for an answer on Thursday, 19 March 2015 (named day). It was answered by Amber Rudd (Conservative) on Thursday, 19 March 2015 on behalf of the Department of Energy and Climate Change.


Energy: Prices

Question

To ask the Secretary of State for Energy and Climate Change, what steps he is taking to ensure that household energy bills reflect recent changes in wholesale energy costs.

Answer

All of the major suppliers have announced reductions to their standard variable gas tariffs in recent weeks in response to reductions in the wholesale gas price. The price of fixed term deals has continued to fall with the cheapest deal on the market £100 cheaper than the cheapest deal a year ago.

The Competition and Markets Authority has made clear that it will be looking further at the relationship between wholesale costs and retail prices as part of its investigation.


Secondary information

Type
Written question
Reference
908215
Session
2014-15
Unstarred
Yes
Subjects
Energy Prices
Link
View this Written question on www.parliament.uk