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Energy Price Cap

Part of the debate – in the House of Commons at 3:36 pm on 3rd July 2017.

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Photo of Matt Western Matt Western Labour, Warwick and Leamington 3:36 pm, 3rd July 2017

Are we not tinkering at the edges and doing a little bit of window dressing? I think that we all agree that the energy market appears to be dysfunctional. We saw that best at the beginning of this year when there was an increase in tariffs across the board that bore no relation to wholesale prices, but had everything to do with the exchange rate, particularly that with the euro, as most of our domestic companies are actually based in France or Germany. The big six are essentially operating as a cartel, not in the interests of the consumer.