I shall be slightly less helpful to the right hon. Gentleman this time. It is important to record that many of us feel that Ofgem does a very good job in regulating the energy sector. It understands the problems of energy companies that bought forward in the market and therefore cannot reduce prices as wholesale prices fall. I am totally confident that Ofgem has a firm grip of the situation and as those wholesale prices fall, it will ensure that prices to consumers also come down, as they are now doing.
Consumers, Estate Agents and Redress Bill [Lords]
Proceeding contribution from
Peter Luff
(Conservative)
in the House of Commons on Monday, 19 March 2007.
It occurred during Debate on bills on Consumers, Estate Agents and Redress Bill [Lords].
About this proceeding contribution
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458 c605 Session
2006-07Chamber / Committee
House of Commons chamberSubjects
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