Caroline Flint MP, Labour’s Shadow Energy and Climate Change Secretary, commenting on the British Gas decision to reduce its gas price by 5 per cent, said: 

“This shows that Ed Miliband was right to challenge the energy companies to cut their prices and pass on the falls in wholesale costs to consumers. But given gas prices have fallen by at least 20 per cent a price cut of just 5 per cent means consumers still aren’t getting the full benefit of falling wholesale prices. 

"The next Labour government is committed to making big changes in our energy market: freezing energy prices until 2017 so that bills can fall but not rise, and giving the regulator the power to force energy companies to cut their prices when wholesale costs fall to all of their customers.”