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<p>The Treasury has engaged with industry to stress the importance of passing through
wholesale cost reductions to consumers. The Treasury has produced internal studies
to examine how far and how quickly the benefits of oil and price falls were fed through
to consumers. We are pleased that recently the six major energy suppliers have announced
cuts in their tariffs - it's a good start but there's more to do. The Government looks
forward to the Provisional decision on remedies of the Competition and Markets Authority,
due this month, and continues to monitor developments closely.</p>
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