Caroline Flint MP, Labour’s Shadow Energy and Climate Change Secretary, commenting on British Gas' plans to increase energy prices by 6% from Friday, at the same time as its parent company Centrica is set to make £1.4 billion in profits this year, said:
"People will not understand how the energy giants can get away with inflation-busting price rises this winter when they are already making huge profits.
"Energy companies always blame price rises on wholesale costs, but with prices and profits both up, customers have 1.4 billion reasons to ask whether British Gas is really playing fair.
“In the wake of the allegations this week about price fixing in the electricity and gas markets, the time has come for a complete overhaul of our energy market. We need a One Nation Labour government to break the dominance of the energy giants, open up the energy market, protect vulnerable customers from being ripped off and create a tough new energy regulator with the power to force energy companies to pass on savings to consumers."