The ever augmenting energy prices in UK has called for an investigation as to why the energy prices are not falling despite a fall in the wholesale energy prices. A Labour MP has sought a justification from the energy companies asking for the reason behind this unfair practice and unacceptable practice.

The MP named John Grogan has today called upon an investigation by the Competition Commission to look in to the matter and figure out whether the ‘Big six’ energy companies are failing to dole out the price benefits of the reduced wholesale energy prices to the consumers.

Consumer Focus, the independent consumer champion is favoring the call for investigation.

Energy expert for Consumer Focus, Robert Hammond, said: “Millions of people are paying over the odds to heat their homes this winter, despite huge falls in the wholesale price of gas.”

Hammond concurred that there is certainly lack of competitiveness in the energy market as a perfectly competitive market ensures that when the companies pay less for the service the benefit of reduced prices is passed on to the customers. He added: “The energy market is broken and will not fix itself.”

Grogan has submitted an Early Day Motion calling for the investigation for debate in the House of Commons today.