ENERGY PRICES (No. 2)

That this House notes that natural gas wholesale prices have declined by 54 per cent. in the last year while the average British household has seen their gas bill decline by only around three per cent.; is aware that approximately 54 per cent. of the cost of supplying gas to consumers is made up by natural gas wholesale prices; recognises that if household gas bills had reduced at the same rate as wholesale prices, the average UK household would save over £200 per year; and calls on the Government to ensure that the prices charged by energy companies better reflect reductions in wholesale energy prices.