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UK Warns Energy Firms on Prices
The UK government is watching energy firms closely. Energy Secretary Ed Miliband said firms must not profit unfairly.
A crisis is pushing oil and gas prices up. He told the BBC ripping people off is not allowed.
The government will not allow unfair prices. A watchdog is ready to step in if needed. The chancellor is meeting with energy bosses about this.
Klear Note — Energy prices rise when oil and gas costs go up globally. A watchdog is a government agency that checks if companies break rules.
Key Terms 3
- Energy Secretary
- The government minister in charge of energy policy
- watchdog
- An official group that checks if companies follow the rules
- chancellor
- The UK government minister in charge of money and the economy