OFGEM

Early day motion 489, tabled 19 January 2009 by Bruce George (Labour). Signed by 55 members.

That this House is deeply concerned that Ofgem, the energy regulator, continues to focus unnecessary attention on the pension schemes of workers in the gas and electricity industries; notes that despite the massive recent fall in the price of oil, the regulator has failed to exert sufficient pressure on the energy companies to reduce retail prices to hard-pressed consumers; is dismayed at the continuation of Ofgem's light touch regulatory approach towards the energy market; further notes that this approach contrasts sharply with its persistent attempts to interfere with the occupational pension schemes of gas and electricity workers; and calls on Ofgem to abandon its ill-conceived preoccupation with these pension schemes and concentrate instead on taking swift and decisive action to regulate the energy market effectively and fulfill its primary duty to protect consumers.

Signatures by party: Labour 43, Liberal Democrat 5, Independent 2, Scottish National Party 2, Conservative 1, DUP 1, Social Democratic and Labour Party 1.