Government playing catch up

Labour’s Shadow Energy Minister Tom Greatrex MP has spoken out in response to the Government’s recent announcement that it intends to consult on new criminal sanctions for persons involved in rigging wholesale energy markets.

The Minister said:

“This is further evidence of David Cameron’s Government struggling to catch up with reality after having been caught napping on the job. This consultation comes nine months after the Energy Secretary first promised to make the regulators do their job, and nearly two years since allegations of illegal price rigging in the energy markets.?"

“There is an urgent crisis of consumer confidence in the energy market. That is why Labour will freeze energy bills until 2017, so prices cannot rise, and create a tough new watchdog as part of the biggest overhaul of our energy market since privatisation.”??