Ed Davey, energy secretary, last week told parliament he "confidently predicts" energy firms will cut prices to reflect falling wholesale energy costs.

Opposing Ed Miliband who, over the weekend, said Labour would force a parliamentary vote on "fast-track legislation" to give Ofgem the power to cut prices before the election, Davey claimed the proposed regulations would produce "yo-yo pricing and higher pricing".

Shadow secretary Caroline Flint told the debate she believed consumers must be compensated for energy firms failing to pass on savings to customers since 2009: "We know that wholesale costs have fallen, and we know too that energy companies will not pass on the full savings to all consumers unless they are forced to," she said.

Following the debate MPs voted against Miliband’s plans to push through the fast-track legislation by 305 votes to 228.

I would be very interested to hear your thoughts.

The Electrical Review team would like to wish its readers a very happy and prosperous 2015.

This year promises many exciting projects from the Electrical Review brand, including supplements, webinars and PowerOn briefings. Our PowerOn events this year will cover data centre power, transformer technology and substations, electrical safety, machinery safety and ATEX explosive environments. Keep an eye on www.electricalreview.co.uk for further details.

Our first 2015 Data Centre Power supplement will be published with the January/February issue of Electrical Review, and will cover energy storage, UPS systems, DC power supply, monitoring and energy efficiency along with many other topics. The supplement will also feature a preview of the Data Centre World 2015 exhibition, and will be distributed at the event.

If you have any comments on subjects you would like to see covered in this year's content, both online and in print, please do email me.

Welcome to the final Electrical Review e-newsletter of 2014.

This year has seen a raft of new projects from Electrical Review including supplements, webinars and PowerOn conferences. Our PowerOn events next year will cover data centre power, transformer technology and substations, electrical safety, machinery safety and ATEX explosive environments. Keep an eye on www.electricalreview.co.uk for further details.

We will continue to launch new events and special supplements through 2015, and look forward to working with you.

If you have any comments on what you would like to see more of in Electrical Review next year, please do email me at the address below.

It only remains for me, on behalf of the Electrical Review team and SJP Business Media, to wish you a very happy Christmas and a prosperous 2015.

The Electrical Review team was delighted to hear this year's Electrical Industries Charity powerBall raised £207,000 which will be used to support people in the industry when they need help.

Special guests at the event were the Edmonds family whose 14 year old son Cam has Duchenne Muscular Dystrophy, and was in need of a special Dragon Powerchair at a cost of £24,000. Because his father Rob has been an electrician since leaving school the Electrical Industries Charity was able to help the family by providing a donation towards the cost of the chair.

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