Energy firms agree to public questioning
As gas customers reel at accusations of price-rigging
against the big energy firms, The Independent has linked with Policy Review
Intelligence to bring together the key players to discuss a fair energy deal
At a major Fair Energy summit next month, bosses of at-fire energy firms British Gas and E.ON have agreed to face questioning from consumer groups, regulators, charities and journalists.
The debate will be led by Energy Secretary Ed Davey, while representatives from Which?, Age UK and Save the Children will line up with the chief of energy watchdog Ofgem and senior officials from Co-operative Energy and the IPPR think-tank.
The aim is to discover what is really behind the rising cost of fuel, which have seen home energy bills rocket from £500 in 2006 to around £1,300 now.
In fact British Gas customers will feel the heat from this Friday, when the company inflicts its latest increase of 6 per cent.
Centrica, which owns British Gas, yesterday distanced itself from the growing gas price fixing scandal by revealing that its traders are not allowed to price information to price reporting agencies.
It was one of the price agencies which sparked the latest price-fixing scandal. ICIS Heren gave evidence to Ofgem of suspect trading on 28 September.
Meanwhile a former trader at the firm told the Financial Services Authority that there have been several attempts to distort prices.
In response to the claims, Centrica said: “It is in everyone’s interests that there is a well-functioning and orderly wholesale energy market. Centrica has very robust governance and compliance policies, which regulate its market participation and behaviour.”
The firm’s UK boss Phil Bentley, managing director of British Gas said that he was keen to debate the concept of fair energy against the background of continuing anger and accusations against the energy industry.
“We’re doing all we can to help households keep their energy costs down,” he said. “Consumers want to know that the price they pay is fair and the best deal available.”
Meanwhile Tony Cocker, UK chief at E.ON said: “We all need to work together to make a real and positive difference to Britain’s energy experience. We want customers to be confident that they are paying a fair price for the energy they use.”
The summit will be held in Westminster on Monday 17 December and Independent readers are invited to send in their questions and comments beforehand – to firstname.lastname@example.org - as well as during a live internet broadcast.
Gavin Hayes, editorial director at Policy Review Intelligence said: Energy continues to be a major public policy and consumer concern. We need an informed dialogue with all the key stakeholders to come up with practical solutions to help ensure that consumers are getting a fair energy deal.”
Independent Partners; request a free guide on NISAs from Hargreaves Lansdown
How to cut the cost of car insurance: A five-step guide to getting a better deal
How not to go into the red over Christmas
Simon Read: The only place for debt is out in the open, don't be afraid to ask for advice
Families pay the price of superfast broadband
Donald MacInnes: I was fired for making up horoscopes and then my lifestyle deteriorated
- 1 This is what the one in ten British men who pay for sex need to know
- 2 Lee Evans announces retirement from comedy on The Jonathan Ross Show
- 3 These grandmas smoking weed for the first time are wonderful
- 4 Woman opens professional cuddling shop – gets 10,000 customers in first week
'Muslims pre-date Columbus in discovering America,' says Turkish president Erdogan
Former Tory PM Sir John Major says 'we would not have an NHS without migrants'
France 'blocks' Russian sailors from boarding a warship
G20 summit: David Cameron warns Vladimir Putin that Russia's relationship with the West is at a 'fork in the road' over Ukraine
Myleene Klass: Ed Miliband 'strikes back' by comparing UK's need for Labour's mansion tax to Hear'Say track
Coalition government has 'shifted money from poorest to better-off' through welfare cuts and tax reductions, study claims
iJobs Money & Business
£20000 - £25000 per annum + OTE £35,000: SThree: We consistently strive to be ...
£50000 - £90000 per annum + benefits: Ampersand Consulting LLP: Markit EDM (CA...
$175 - $200 per annum, Benefits: full benefits: Carlton Senior Appointments: P...
Not specified: Carlton Senior Appointments: Senior MD Financial Advisor - San ...
Day In a Page
A deceptively spacious, beautifully presented Georgian home with 3000sq ft of living space and five reception rooms
A five-bedroom Victorian home with four receptions, superb gardens and paddock in Pembury
An eight-bedroom house on the south side of the The Green with cinema, wine cellars and summer house
This 17th century beauty is full of rustic cosiness, while the detached home office means you can also run a business
This five-bedroom red-brick beauty overlooks the village green and sits in just under two acres of land
Four exclusive apartments in a Grade II-listed former medical school with 2,275 sq ft of living space and 18ft ceilings
A five-bedroom terraced house on the popular Peterborough Estate, ideally located for both Eel Brook Common and South Park
A state-of-the-art farm-building conversion on the former Cliveden Estate, with 11,420sq ft of internal space, cinema and wine cellar
A three-bedroom, 15th-century cottage with original features in the picturesque village of Sissinghurst
A six-bedroom terraced house with large south-facing roof terrace, cinema room and wine cellar
A new seven-bedroom home built in Queen Anne-style with swimming pool and parkland views in Mortimer
A listed, four-bedroom farmhouse in the rural hamlet of Rushall with detached barn, four acres of gardens and paddocks
A first-floor flat with two bedrooms, a spacious reception room and communal grounds in a leafy part of London
A three-bedroom flat with a spacious rootop terrace and balcony, accessed from a private gated courtyard
A Grade II-listed pile with six bedrooms, stables and 39 acres of grounds in Standlake
A two-bedroom flat with boutique hotel-style interiors, close to the foodie haunt of West End Lane
A two-bedroom flat in a beautiful old vicarage, with many original features, close to the city centre
A three-bedroom 16th-century home with an aga kitchen, private gardens and heated outdoor pool, in Hadleigh
A three-bedrom home in sought-after Queen's Gate Mews, with Italian marble-finished bathrooms
Surrounded by glorious countryside in the village of Udimore, sits this impressive four-kiln oast and barn conversion
A five-bedroom house in the picturesque village of Kettlewell, north Yorkshire
An 18th-century former coaching inn with original staircase, open fireplaces and beams throughout
A Grade II-listed Georgian town house with three bedrooms and a south-facing courtyard, near Arundel Castle
Feel on top of the world at this über chic penthouse on the 37th floor of one of Europe’s tallest blocks.
A Grade II-listed Victorian villa with six bedrooms and two further cottages, all with spectacular sea views
A grade II-listed, Georgian cottage with mature 50ft garden, perfect for summer entertaining
A magnificent Georgian pile with turrets, seven bedrooms, a heated pool and four acres of gardens
Fairoak Farm has five bedroom suites, gym, outdoor swimming pool and golf course
Chic two-bedroom river-fronted flat with a private lift that delivers you directly to your home
A spectacular seven-bedroom Tudor pile, once owned by Henry VIII, with 18 acres of land
A seven-bedroom Georgian property previously used as a picturesque wedding venue
A split-level flat in a church conversion with two en suite bedrooms and 1,200sq ft of living space
A three-bedroom bungalow situated behind an impressive stone wall, £645,000
Windsor Castle overlooks this three-bedroom Victorian cottage located on one of Windsor's smartest roads
Chapel House is a former vicarage with nine bedrooms in the beautiful Upper Wye Valley
A five-bedroom B&B and separate owner's accomodation with potential for conversion
Enjoy summer by the Thames in this two double-bedroom converted warehouse in Rotherhithe village
A one-bedroom, luxury apartment with private gym and concierge service in Moorgate
A four-bedroom house in Hermitage Gardens with three reception rooms and landscaped gardens