Energy Supply Market: Competition

Business, Energy and Industrial Strategy – in the House of Commons at 12:00 am on 14th March 2017.

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Photo of Desmond Swayne Desmond Swayne Conservative, New Forest West 12:00 am, 14th March 2017

If he will make it his policy to increase competition within the energy supply market; and if he will make a statement.

Photo of Greg Clark Greg Clark The Secretary of State for Business, Energy and Industrial Strategy

I will respond shortly to the Competition and Markets Authority report, and I will take steps to increase competition and help consumers.

Photo of Desmond Swayne Desmond Swayne Conservative, New Forest West

If the Secretary of State is successful in engendering much greater competition, will we need a regulator at all?

Photo of Greg Clark Greg Clark The Secretary of State for Business, Energy and Industrial Strategy

The aim of Government policy must be to have such vigorous competition in markets that that takes care of itself. Unfortunately, I do not think we are in that position, so I am determined to make sure that customers are treated fairly.