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Energy: Prices

House of Lords written question – answered on 9th February 2011.

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Photo of Baroness Jolly Baroness Jolly Liberal Democrat

To ask Her Majesty's Government whether they will consider regulating retail prices for heating oil along with retail gas and electricity prices, in the light of the rise in heating oil prices in the past year.

Photo of Lord Marland Lord Marland The Parliamentary Under-Secretary of State for Energy and Climate Change

The Government are sympathetic to the plight of many off-grid energy consumers who were hit hard by high prices and supply issues this winter.

We are keen that the reasons for this are thoroughly investigated by an independent authority. My honourable friend the Minister of State for Energy wrote to the Office of Fair Trading (OFT) in January to ask it to bring forward its competition and consumer study into off-grid energy. He also asked the OFT if the study could explore the longer-term consumer issues such as lifetime payback, consumer standards and labelling for alternative energy sources or supplies. Such a study would provide an independent assessment of the off-grid market and establish what further action may be necessary to ensure it works properly.

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