MPs to consider energy price rises

It has been announced that MPs are set to consider how recent gas and electricity price rises have affected the UK market for customers.

The Department for Business, Enterprise and Regulatory Reform (BERR) has created an all-party select committee to consider if the sector is providing energy users with enough competition.

Chaired by MP Peter Luff, the creation of the body has come after four of the UK's major energy suppliers have increased the costs of their domestic gas and electricity tariffs since the start of 2008.

Mr Luff said that competitiveness is an issue that "demands to be addressed".

He explained: "It is a complex but vital question and one that affects everyone in the country - individual consumers and households, small businesses and major energy users alike."

The UK's energy watchdog, energywatch, has announced that it is in support of the investigation.

Adam Scorer, the organisation's campaigns director, said that the inquiry could provide some "clear thinking" about how the market is working for both business and household energy customers.

Click here to run an energy price comparison, and see if you could be paying less for your gas and electricity.



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