Household bills will suffer from energy price hikes, MPs say

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Household bills will suffer from energy price hikes, MPs say

Mon 28th Jul 2008

MPs have called for an urgent address of problems caused by rises in gas and electricity bills, the BBC reports.

The Business and Enterprise Select Committee said that energy price increases will impact seriously upon households and that thousands of manufacturing jobs could be lost if UK prices stay higher than comparative ones in Europe.

Its inquiry found that the UK energy market is not as efficient as it could be, but there was no evidence to suggest that major firms are colluding to keep prices high.

Still, committee chairman Peter Luff commented that this did not mean the report had given the main energy companies "a clean bill of health - far from it".

EDF Energy raised gas and electricity prices by 22 per cent and 17 per cent for domestic and small business customers last week.

Financial website Moneyexpert.com described the rises as "a kick in the teeth for their 7.9 million customers" and advised EDF customers to "start looking around for a better deal".

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