Power to the OFGEM

Meeting: 
MQT on 2015-01-21
Session date: 
January 21, 2015
Reference: 
2015/0321
Question By: 
Murad Qureshi
Organisation: 
Labour Group
Asked Of: 
The Mayor
Category: 

Question

Why will you not support new powers to the regulatory of energy companies to may sure wholesale price savings are passed on to the customers?

Answer

Answer for Power to the OFGEM

Answer for Power to the OFGEM

Answered By: 
The Mayor

The regulator Ofgem has powers to investigate how the electricity market operates and I would wish to support Ofgem investigating the scope for reducing prices for consumers.