Energy questions

Published Date: 08 February 2009

THE big six UK power companies, Centrica, EDF Energy, E.ON, RWE npower, Scottish & Southern Energy and ScottishPower, are being called to give evidence to the select committee on energy and climate change on Wednesday.
The firms will be quizzed on energy prices and future investment in the light of criticism they have been slow to pass price cuts on to retail customers following a drop in wholesale costs. Last week SSE announced it was cutting prices, but the move has been described by David Hunter of energy consultancy McKinnon & Clarke as "insignificant". He said the 4% discount in gas and 9% discount in electricity being offered by SSE from the end of next month "in no way reflects the fall in the market".