Energy: Prices

Business, Enterprise and Regulatory Reform written question – answered on 15th May 2008.

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Photo of Chris Ruane Chris Ruane PPS (Rt Hon Caroline Flint, Minister of State), Department for Communities and Local Government

To ask the Secretary of State for Business, Enterprise and Regulatory Reform what representations his Department has received on the time taken for changes in the wholesale price of energy to be reflected in the prices paid by domestic customers; and if he will make a statement.

Photo of Malcolm Wicks Malcolm Wicks Minister of State (Energy), Department for Business, Enterprise & Regulatory Reform

Timing of retail price increases or decreases are commercial decisions by the energy supply companies. The Government do not interfere in commercial pricing decisions in the energy supply markets, which are competitive markets.

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