Political Agenda Mathew Beech

“Who is to blame for the creation of the big six?”

The energy heavyweights of Westminster went head to head last week and debated, among other things, who is to blame for the creation of the big six.
Shadow energy secretary Caroline Flint led the opposition day debate by setting out what Labour would do during its 20-month price freeze – “deep structural reforms to the way this market works for the future”.
Defending Labour’s flagship policy, she tried to debunk the “myth” that the energy market’s “can somehow be laid at the door of the previous [Labour] administration”.
She then took a swipe at the Conservatives, saying it was their policy in 1993 to remove restrictions on suppliers also being generators “which led to the vertical integration we have seen over the past two decades”.
Energy secretary Ed Davey, welcomed the debate, saying it gave him the opportunity to “expose Labour’s so-called policies for the fraud they are”.
Davey compared the coalition’s record with Labour’s – highlighting lower rates of increases in gas and electricity bills. He added that the government “want[s] to do better, but we will not follow the record of the Labour party, which was dismal on prices and bills”.
Davey also said Labour “rigged the market”, “it is Labour’s big six”. He told MPs: “We have seen a big growth in independent suppliers and competition, which did not happen under Labour.”
“Labour members now want to kill it. Having created the big six, they want to help them. We will not allow that to happen.”