ENERGY PRICES (No. 3)

Early day motion 2483, tabled 11 November 2008 by Lindsay Hoyle (Labour). Signed by 41 members.

That this House condemns the energy companies for not reducing prices of gas and electricity following a reduction in the price of oil; notes that crude oil prices have fallen by more than 50 per cent. in the last six months; recognises that energy price increases were excused by rising oil prices yet prices have now fallen with no corresponding drop in gas and electricity bills; expresses its grave concern that energy companies continue to pay excessive wages and make immoral profits at the cost of customers in the UK; calls on the companies to reduce prices for consumers and business during the economic downturn; and further calls on the Government to take direct action by imposing a windfall levy.

Signatures by party: Labour 31, Liberal Democrat 5, Social Democratic and Labour Party 2, DUP 1, Independent 1, Scottish National Party 1.