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Energy Summit Required to End Bickering

A round table energy summit is required to end the point scoring and bickering by business gas suppliers and politicians over how to reform the market and deliver cheaper prices for consumers.

All consumers want a consensus approach that is sensible, rather than bickering and finger pointing.

All parties involved need to stop blaming each other…

UK energy consumers want all parties involved in the sector to stop blaming each other and scoring cheap political points, and sit down to resolve the problems that riddle the energy market. In this rush for the moral high ground, consumers are missing out on much needed reforms that could deliver them cheaper prices and a market that actually works in their interests.

The Energy Advice Line is calling on all stakeholders – consumers, politicians, suppliers and regulators – to sit down together to devise an energy strategy for the next five to ten years by way of consensus.

The energy market had been dominated by squabbling since Labour leader Ed Milliband had announced a freeze on business gas and electricity prices for consumers if he won office. Suppliers continued to blame government policies for energy price rises, despite reaping increasingly large profits. At the same time, politicians continued to clash over Mr Milliband’s proposed price freeze.

Consumers are after a consensus that is sensible, and easy to understand

Consumers are fed up with the squabbling…

Consumers are now fed up with the squabbling. They know they will not benefit from a blame game. They need solutions and improvements to the way the UK’s energy market operates.

Vincent de Rivaz, boss of Big Six supplier EDF, has said recently that he would like the newly formed Competition and Markets Authority (CMA) to investigate the energy market to ensure that it was operating fairly. However, this will not go far enough as the only way that any consensus is going to be reached is to get around the table and agree a way forward, rather than involving a third party to prove if something is broken.

In any event, such an inquiry couldn’t be conducted by the CMA for another year or more.

The Energy Advice Line is the UK’s leading impartial business gas and electricity comparison, switching, and advice service for businesses and householders. It actively campaigns for reform of the UK’s energy market to boost competition, get consumers a better deal from suppliers, and lower energy prices.

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