Energy Price Cap
Debate between Greg Clark and Julian Knight(6 years, 10 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
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Julian Knight
I was a BBC News consumer affairs reporter for five years, and during that time I saw the havoc that can be wrought by pre-payment metering. Does my right hon. Friend agree that practices such as rip-off emergency credit, which makes a payday loan look reasonable, need to be brought to heel, and that we should welcome Ofgem’s proposal to extend the current safeguard tariff for consumers on pre-payment meters?
Greg Clark
It can only be a matter of time before my hon. Friend enjoys the position to which you referred, Mr Speaker.
My hon. Friend is absolutely right. It has been the practice of this Government to intervene when there are abuses, especially of vulnerable people in the way in which he describes. That has happened with pre-payment meters, but the approach needs to go much further.