Energy bills: Matthew Hancock on profit and competition

The government wants to "bring down" the profits of energy firms through competition, said the skills and enterprise minister.

Matthew Hancock, who was debating with Labour's Caroline Flint, said one of the eight new firms in the market may have to leave if Labour brought in its price freeze, which could see prices rise.

The Conservative MP said he wanted to "bring down profits through a more competitive industry".

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