article_snippet: The rise is a direct result of firms failing to pass on a sharp fall in the wholesale price they pay for gas and electricity.
article_snippet: It will add to demands for a shake-up amid claims that suppliers are failing to compete on price and customer service.
article_snippet: The Competition and Markets Authority is asking suppliers to explain why lower wholesale costs have not been passed on and Which? wants a new regime for setting energy prices.
article_snippet: The consumer group suggests regulators should set a fair The consumer groupprice to beat’ based on an assessment of costs, and firms would compete to match or undercut it.
article_snippet: Richard Lloyd, of Which?, said: ‘Consumers will be questioning why Consumers bills haven’t been slashed further at a time of rising profits and falling wholesale prices.
article_snippet: Energy bills are consistently the top consumer concern, so Richard Lloyd, of Which need the CMA to get to the bottom of whether the price people pay is right.
article_snippet: Richard Lloyd, of Which also need to see simple pricing, and a price to beat that people can trust.
article_snippet: Energy companies reject the way Ofgem estimates profits.
article_snippet: Ofgem risks misleading customers by publishing these inaccurate figures every month.
article_snippet: The firms have suggested part of the blame for high bills should fall on Ed Miliband and Ed Miliband vow to impose a price freeze if Labour wins the election.
article_snippet: Executives suggest Executives are unwilling to cut prices because Executives are afraid of being locked into low tariffs that would put Executives profits at risk.