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Labour leader voices concerns over energy market

Which? campaign underway to simplify energy tariffs
Ed Miliband

Labour leader Ed Miliband voices concerns over the energy market

In their keynote speeches at the Labour Party Conference, Ed Miliband MP committed to tackle the energy market and Meg Hillier MP, to simplify energy tariffs for consumers.

Among the issues raised in Ed Miliband’s speech were his concerns over the ‘rigged market’ in the energy sector. He was referring to the stranglehold of the major suppliers – British Gas, EDF Energy, Eon, Npower, Scottish Power and Scottish and Southern Energy – who dominate 98% of the domestic energy market.

‘Rigged’ energy market

In his speech Mr Miliband said: ‘Prices go up but they never seem to come down.’ He declared that breaking up the major suppliers would get British consumers a fairer deal on their energy prices – a concern Which? has raised in recent years.

Last week, Richard Lloyd, Which? executive director, said: ‘Fundamental questions need to be asked about the dominance of the major suppliers if we’re ever going to see a truly competitive energy market that works for consumers.’

Crystal clear energy bills

In her speech earlier today, shadow energy and climate secretary, Meg Hillier MP, criticised ‘the scandal of soaring gas and electricity prices.’

Meg Hillier said the next Labour government will insist that energy companies make their ‘tariffs and bills crystal clear’ so we can see the true cost of our energy. Chris Huhne, energy and climate secretary said in his speech last week that the coalition government will get tough on suppliers and called on them to simplify tariffs.

Affordable Energy Campaign poster

We’re tackling tariffs as part of our Affordable Energy Campaign

Affordable Energy Campaign

Which? launched a campaign last week to tackle the issues both parties have identified as key to their policies.

We want to help people spend as little as possible on energy. Our first goal is to convince Ofgem to tackle energy tariffs by introducing one simple tariff format.

Tackling energy tariffs

During a Which? investigation, we asked 36 people to work out their energy bill using nothing but information from the supplier’s website.

Our testing team included a solicitor, an engineer and an accountant. Just one – a company director – could do it.

Which? wants the regulator to stamp out excessively complex tariffs, across the board.

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