Consumer campaigning charity Which? has added its voice to calls for a Competition Commission investigation into energy market practice.
All of Britain’s ‘big six’ utilities providers have increased their gas and electricity prices in the run-up to this autumn, and Which? has launched a new campaign aimed at compelling energy firms to simplify their tariffs and make it easier for consumers to track down the best deals.
“With low levels of trust in the energy industry, it is good that fundamental questions are being asked about how to restore confidence,” said Which? principal advocate Pete Moorey. “The companies, government and Ofgem should all be asking how competition can be injected into the energy market.”
Around 60 per cent of UK consumers do not switch between different providers, and the six largest companies control approximately 98 per cent of the British customer base. EDF Energy, Npower and E.ON have, however, indicated they would also support a Competition Commission review.
Labour leader Ed Miliband is expected to outline plans to tackle high gas and electricity prices in a speech to the party’s conference in Liverpool later today.