DECC: Energy suppliers 'must justify prices'

Energy companies should justify their prices to customers, a government spokesman has said.

Energy suppliers are responsible for their prices and must justify those prices to their customers.

The best way to keep prices down is to introduce more competition, and our reforms have led to the number of suppliers trebling since 2010.

We also support Ofgem's proposal for a full investigation into competition in the energy market."

– Department of Energy spokesman

Advertisement

Ofgem writes to energy firms over falling wholesale prices

Ofgem has called on the Big Six energy suppliers to explain to their customers what impact falling wholesale prices will have on bills, saying the cost of both gas and electricity has been dropping "significantly" in recent months.