Gas Prices

This Assembly notes that London consumes 13 per cent of the nation's electricity.  This Assembly also notes the seriousness of the allegation that energy companies have fixed wholesale gas prices.

The Assembly notes the number of London households living in fuel poverty has almost tripled since 2004. However, the Government believes that this is an underestimate and could actually be 45 per cent higher. If recent allegations are proven to be true, these actions would have directly contributed to the cost of living crisis in London and further increased pressure on family budgets and vulnerable pensioners in the capital.

This Assembly urges the Mayor to lobby central government to investigate these allegations as a matter of urgency.