This is very unwelcome, and I know lots of families who are struggling to balance their budgets will be very disappointed and concerned by these price rises. That’s why Government is taking action on a number of fronts: short-term measures to help people struggle with bills this winter, long-term measures to reform the market and bring in more competition.
What we need is action. We are bringing in the Energy Bill this winter that will reform the markets, it will be the biggest shake-up since privatisation, in addition, we are giving extra teeth to the regulator Ofgem.
We are also rolling out the Green Deal this winter. This is the biggest ever energy efficiency programme, that will help millions improve their homes so they are better insulated. This is probably the most ambitious energy efficiency programme in Europe, if not the world.
I am determined to help families, students in digs, pensioners, everyone, to benefit from the Green Deal, which will provide a long-term solution to people so they are less dependent on energy companies.
The Chancellor has urged energy companies to reconsider their price hikes, in an interview with ITV News.
Households across Britain could be plunged into a "long, cold winter" after two major energy suppliers increased their prices today.
British Gas has confirmed they are putting their energy prices up for this winter by an average of six percent.