WEIR DEMANDS ACTION ON ENERGY RIP-OFF

Mike Weir MP, the SNP Westminster Spokesperson on Energy, has called on the UK government to take urgent action to investigate allegations that the major energy companies have taken co-ordinated action to drive up prices and boost profits.
Mr Weir's calls follwing the publication of an investigation by The Sunday Times today (Sunday) which reveals that the UK's biggest energy companies have stifled competition to raise prices.

Mr Weir has previously called upon the Chancellor to use his first question to the chairman of Ofgem at their projected meeting to ask why the UK market in energy was not working for consumers.

Mr Weir said:

“Perhaps we now know the answer to this, if these allegations can be substantiated. It is certainly the case that once one major supplier raises prices the others follow fairly shortly thereafter. On this occasion Npower is first to put its head above the parapet, it will be interesting to see which companies now follow them.

“Very many vulnerable families are finding it increasingly difficult to meet their energy costs. An urgent investigation is needed into these very serious allegations, and strong action taken against the companies if they are found to be acting in this way. “