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We have no plans to take the steps the right hon. Member mentions.
The energy regulator Ofgem already monitors the market closely to ensure market transparency, including reporting quarterly on retail prices and requiring suppliers to publish segmental financial reports. Ofgem has recently consulted on proposals to improve the consistency of these reports.
Ofgem has also put forward proposals to tackle barriers to effective competition (such as tariff complexity and low wholesale market liquidity). In addition Government are cutting red tape for smaller suppliers to boost competition in retail markets.