MP demands reduction in energy bills

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A MP is calling for the UK energy firms to reduce electricity and gas prices, it has been reported.

Lindsay Hoyle, minister for Chorley, has said the government needs to step in, if the big six providers do not work quickly to drop energy prices for consumers, reports the Lancashire Telegraph.

The average home energy bill has increased by 43 per cent since the beginning of 2008, claims the MP, with the wholesale price of oil falling by almost three-quarters since its peak price in June.

Mr Hoyle told the newspaper with oil prices falling consumers are hearing "excuses from the energy companies as to why prices can not be reduced".

He added: "This is simply not good enough and if companies do not reduce prices the government should take action to ensure that prices are cut."

Paul Golby, chief executive of leading energy supplier E.ON, recently told the Observer that tumbling wholesale oil prices will not mean that retail energy prices will "go down by the same amount".

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