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