[Frank Cook in the Chair] — Home Energy Efficiency

Part of the debate – in Westminster Hall at 9:56 am on 3 March 2010.

Alert me about debates like this

Photo of Bob Spink Bob Spink Independent, Castle Point 9:56, 3 March 2010

On this important point, does the hon. Gentleman agree that the situation is even worse than has been stated because many energy companies forward-buy their oil or gas at a fixed rate? Therefore, when prices rise, they do not necessarily go up for the companies straight away; often it takes up to six months. However, they are quick to increase prices for the consumer. The regulators need to take more firm action to make this matter transparent and to stop it.