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UK: PM Cameron denies talks of Big Six energy price freeze

 |  December 1, 2013

As the UK focuses on energy competition amid outcry of soaring electricity and heating costs, Prime Minister David Cameron has reportedly denied reports that regulators are urging the industry’s Big Six players to initiate a price freeze until mid-2015.

Political officials are set to offer their Autumn Statement this week to announce developments in the energy sector as families complain of high costs. Big Six energy firms, which include British Gas, Npower and Scottish Power, are reportedly planning price hikes of up to 10 percent for the winter.

The state of competition in the energy market has caught the government’s attention as market watchdog Ofgem along with UK competition authorities are planning a market inquiry.

The matter has given rise to fierce political debate as officials argue on how to boost competition in the market and whether authorities are doing enough to ensure reasonable prices.

Full Content: Daily Mail

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