Calls for investigation into energy prices

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Andrew Pakes has backed calls by the Federation of Small Businesses and consumer organisation Which? for an investigation into energy prices.

The FSB and Which? have written to the energy regulator, Ofgem, and the competition authorities calling for a full investigation into the lack of competition in the energy market. In their joint letter, the FSB and Which?, said: “It is clear that the energy market is broken and urgently needs fixing. Top of our concerns is the need to increase competition and to make trading transparent. For too long the lack of competition in the energy market has not been addressed.”

Andrew was joined by Labour’s Shadow Chief Secretary to the Treasury, Chris Leslie MP, on Saturday to collect signatures in Bletchley calling for action on rising energy prices.

Mr Pakes, who has been campaigning against rising energy prices, has welcomed the call for a full investigation by the Office of Fair Trading into how the big 6 energy companies operate. Labour Leader Ed Miliband MP made freezing energy prices and a investigation into the energy market the centre piece of his party conference speech last September.

Mr Pakes, Labour Parliamentary Candidate for Milton Keynes South, said: “This is yet another welcome call to examine the way the big energy companies operate and how they charge customers. I know from speaking to people across Milton Keynes that rising energy bills are a major concerns for households and businesses.

“We need a fair and transparent market so that businesses and residents know that they are getting a competitive price for the energy they use. I was out in Bletchley last weekend collecting signatures for action on energy prices. With prices continuing to rise faster than wages, this remains a big issue in the city.”

You can read the FSB & Which? letter to the competition authorities here: