Davey wants new suppliers to seize third of energy market

Energy Secretary Ed Davey hopes fledgling power suppliers will have a third of the UK’s customers by 2020. The Lib Dem minister is expected to make the remarks at the […]

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By Vicky Ellis

Energy Secretary Ed Davey hopes fledgling power suppliers will have a third of the UK’s customers by 2020.

The Lib Dem minister is expected to make the remarks at the party’s annual conference in Glasgow today, when he will tout his role in shaking up the energy sector.

Describing small energy firms as the “agents of real change” in Britain’s energy markets, the MP for Kingston and Surbiton will also use his speech to make a dig at Labour’s energy record.

He will say: “I’m proud that energy independents are supplying nearly eight times as many people as they were under Labour.”

Currently the Big Six energy suppliers continue to dominate with more than 90% of British energy customers.

Davey is expected to say he wants that to change: “And I want to see their market share grow more – to 30% or more by the end of the decade. That will mean lower energy bills and better customer service for people across Britain.”