OFGEM PROPOSALS TO LIFT PRICE CONTROLS

Summary

That this House believes the recent proposals by Ofgem to lift price controls from the energy supply industry will cause financial hardship to nearly 2.5 million consumers who use pre-payment meters and earn less than ú12,500 per annum; disagrees that the energy markets are working adequately; agrees that market abuses, such as mis-selling, need correcting; accepts that consumer organisations view this as a deregulation too far; and calls on Ofgem to protect over 3,600 consumers per constituency by retaining price controls.

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Timeline

1. 19 December 2001

   Early Day Motion

   That this House believes the recent proposals by Ofgem to lift price controls from the energy supply industry will cause financial hardship to nearly 2.5 million consumers who use pre-payment meters and earn less than ú12,500 per annum; disagrees that the energy markets are working adequately; agrees that market abuses, such as mis-selling, need correcting; accepts that consumer organisations view this as a deregulation too far; and calls on Ofgem to protect over 3,600 consumers per constituency by retaining price controls.

   Source: Early Day Motion

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Sponsors

• Lord Stunell · Liberal Democrat · Primary sponsor

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