Latest news on the UK energy market, including details of the Ofgem price cap, tariff rate increases, company information and regulatory developments
19 April: MPs To Grill Energy Chiefs Today
The cross-party Business, Energy & Industrial Strategy Committee will today quiz representatives of four major energy firms on the support they are providing customers in the wake of a 54% hike in average bills on 1 April.
CEOs from Centrica (owner of British Gas), E.ON, EDF and ScottishPower will face MPs at 10:30 this morning.
MPs are expected to focus on the issue of suppliers reportedly increasing direct debits beyond a level consistent with the new energy price cap of £1,971 a year for typical consumption.
There have also been reports of customers being forced onto expensive fixed rate deals instead of variable tariffs, which are cap-controlled.
MPs will also question the bosses on how they will help implement the government’s Energy Security Strategy (see story below). Other topics on the agenda include the delivery of the £200 energy bill…
