Energy Prices

Part of Opposition Day — [Un-allotted Day] – in the House of Commons at 4:44 pm on 11 January 2012.

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Photo of Caroline Flint Caroline Flint Shadow Secretary of State for Energy and Climate Change 4:44, 11 January 2012

First, that is not about the point I was making, but is the hon. Gentleman defending the way in which prices have soared in the past year? Is he defending the companies’ atrocious record in dealing with people’s complaints? I would not stand in his shoes and make that case. The truth is that prices need to be transparent and we need to know how they are arrived at. It is quite clear—it has been proved by an Ofgem report and the Secretary of State might back me up on this point—that there is evidence that when prices go up the bills go up far quicker than they come down when prices fall.