Long-term plans needed as energy firms gets off lightly

In the aftermath of the energy summit held by David Cameron yesterday, businesses and consumer groups have agreed on the need for an enduring commitment to keeping the cost of […]

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By Tom Gibson

In the aftermath of the energy summit held by David Cameron yesterday, businesses and consumer groups have agreed on the need for an enduring commitment to keeping the cost of energy down.

Rhian Kelly, CBI Director for Business Environment, said much more had to be done to give people confidence in energy firms: “The initiatives announced today are helpful in the short-term, and it’s important that the Government is focused on the issue. However, it is still critical to consider measures to curb price increases in the longer-term.”

Yesterday’s meeting saw the energy companies agree to simplify tariffs and to send letters to four million households notifying them of energy efficiency schemes.

However, consumer groups felt that the energy companies had been getting away with it for too long and that the Government had to get tougher than just sending letters to customers suggesting spending more money with the energy companies.

Richard Lloyd, Which? executive director said: “The energy companies are agreeing to measures that should have been put in place long ago. To ensure real change, next we need the Government to produce anenergy plan that shows consumers how they’ll be getting fair and affordable energy.It took years to get into this mess and it will take more than an afternoon to fix it.”