Big Six Energy Companies

EDM number 2730 in 2010-12, proposed by Caroline Lucas on 20/02/2012.

That this House supports the End the Big Six Energy Fix campaign aimed at ending energy profiteering by British Gas, EDF, E.ON, npower, Scottish Power and Scottish and Southern Energy; notes that in the first six months of 2011 alone the Big Six energy companies posted profits of around 3.5 billion and that in October 2011 Ofgem revealed profit margins for the energy suppliers increased by 733 per cent. in some circumstances; further notes that average household bills have doubled in the past six years from around 600 a year in 2004 to more than 1,200 a year today; is appalled that the UK now has more than 5.5 million households hit by fuel poverty leading to an estimated 3,000 premature winter deaths; therefore calls on the Government to tackle the predatory behaviour of thebig energy companies by introducing a new windfall levy on their profits with revenues used to ensure that every home is insulated and highly energy efficient; urges Ofgem to seriously consider re-introducing a cap on prices to prevent energy companies from passing the cost of any levy on to customers; and further calls on the Government to launch an urgent public inquiry into the Big Six energy companies.

This motion has been signed by a total of 95 MPs.