UK government warns energy suppliers of 'decisive action' over prices
Business and Energy Secretary Greg Clark told MPs he planned to take "decisive action", although no date was given for any crackdown.
Addressing the Business, Energy & Industrial Strategy Committee, he said a two-year investigation by the Competition and Markets Authority had identified consumer detriment averaging GBP1.2 billion a year.
"We are not going to simply note the findings. I think there is an overwhelming appetite to sort this problem out once and for all."
Clark said he was disappointed with the response from the energy companies, which have come under attack for raising prices.
"If the competitors in this industry don't see this as behaviour that is damaging consumers, I do - and I will act. The response will be muscular and strong and will apply to all of the companies who are disadvantaging consumers."
Clark said the poorest households spent the most on energy but were least likely to switch to another supplier.
"I don't think it is acceptable that they should be exploited in that way." ■
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