James Frith, MP for Bury North, has today supported calls for energy market action, as shocking figures show people in Bury North are over-paying £6,170,000 a year on their energy bills.
Horrified by the extent to which the energy market is failing energy customers, a cross-party group of MPs has written to the Government urging it to make sure all consumers benefit from fair energy prices.
All three of the largest parliamentary parties called for a price cap in their manifestos, but current government plans would only target a fraction of those on rip-off tariffs, causing cross-party outrage amongst MPs.
An inquiry by the Competition and Markets Authority found that energy customers were paying on average £1.4 billion a year more than would be the case in a competitive market. During the General Election, Prime Minister Theresa May pledged action to help all 17 million customers on ‘standard variable tariffs’.
Commenting on the fact that over 21,000 families in Bury are likely to be getting ripped off, James Frith said:
“It’s outrageous that the Big Six are getting away with ripping off the hard working people of Bury, Tottington and Ramsbottom.
"Ofgem’s proposals are a big 6 stitch up which leave 15 million energy customers to the mercy of the big 6.
“Much more needs to be done to protect those in Bury who are struggling to pay their energy bills that are on average £286 per year more than they would be in a competitive market.”