moved for leave to introduce Bill C-488, an act to establish the Energy Price Commission.
Madam Speaker, Canadians from all over the country are very concerned about price gouging, in particular with respect to gasoline and diesel fuel. The Canadian population does not believe the big oil companies. They are sick and tired of the Liberal's buck-passing on this issue.
We regulate stamps, cable television and many other things. The bill I am introducing today will indeed establish an energy price commission which will regulate the wholesale and the retail price of motor fuels, including diesel, propane, heating oil, natural gas and electric power.
The purpose of price regulation is to avoid unreasonable increases that affect the cost of living and depress business activity. The bill will facilitate reasonable consistency in prices from province to province allowing for production and distribution costs. The regulation further minimizes the risk of collusion in pricing, which many Canadians believe is happening, and prevents dominant suppliers from setting unreasonable prices.
The major objective of the bill is to provide some transparency in the pricing of fuel and energy. The refiners are not transparent and there are vertically integrated companies. I believe there has to be a time when the government stands up and takes some action to protect consumers, as this bill will.
(Motions deemed adopted, bill read the first time and printed)