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Osborne urges energy price cut

Chancellor George Osborne has told ITV News that energy companies npower and British Gas should reconsider their price hikes. The comments came after energy supplier npower followed British Gas in raising its prices.

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Government: Rise in Energy prices 'very unwelcome'

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.

– Energy and Climate Change Minister Greg Barker

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