Economic Calendar

Wednesday, December 10, 2008

U.K. Plans to Force Energy Firms to Cut Prices, Telegraph Says

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By Lenka Ponikelska

Dec. 10 (Bloomberg) -- U.K. energy companies will face legal proceedings unless they lower bills for customers, the Daily Telegraph reported, citing Energy Secretary Ed Miliband.

The government is prepared to enact new laws if companies don’t make their pricing structures more fair, Miliband said in a speech at Imperial College in London, the newspaper added.

To contact the reporter on this story: Lenka Ponikelska in London lponikelska1@bloomberg.net




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