RSS   Newsletter   Contact   Advertise with us
Post Online Media
Britain   Business and Energy Secretary Greg Clark:

UK government warns energy suppliers of 'decisive action' over prices

Greg ClarkEnergy companies face "muscular and strong" action from the UK government over prices after a "flagrant mistreatment" of customers, a minister warned.

Business and Energy Secretary Greg Clark told MPs he planned to take "decisive action", although no date was given for any crackdown.

READ MORE Japan to get tough on green-energy profiteers

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."

What to read next

More inside POST

We use cookies to ensure that we give you the best experience on our website. Please allow cookies for fully-functioning website.

Allow Cookies Privacy Policy