UK Energy Costs Debate

Full Debate: Read Full Debate
Department: Cabinet Office
Thursday 8th September 2022

(1 year, 8 months ago)

Commons Chamber
Read Full debate Read Hansard Text Watch Debate Read Debate Ministerial Extracts
Elizabeth Truss Portrait The Prime Minister
- View Speech - Hansard - - - Excerpts

If hon. Members will allow me to make a bit more progress, I may be able to answer their questions before they have asked them.

The Opposition need to understand—

Kevin Brennan Portrait Kevin Brennan (Cardiff West) (Lab)
- View Speech - Hansard - -

On a point of order, Mr Speaker. Copies of the written ministerial statement have been made available to some Members, but there are not enough for everybody—[Interruption.] If I might finish my point of order: is it possible for sufficient copies to be made so that we can all see the statement?

Lindsay Hoyle Portrait Mr Speaker
- View Speech - Hansard - - - Excerpts

As we both know, that is not a point of order, but it is certainly a clarification that the copies are now coming out. We are printing them as fast as possible to make sure that all Members have the ability to read them. It is with great disappointment that we are doing so, but that is a matter of fact.

--- Later in debate ---
Theresa May Portrait Mrs May
- View Speech - Hansard - - - Excerpts

This is rather strange point in my political career, because I agree with the right hon. Gentleman on the importance of tidal. When I was Prime Minister I looked very closely, over a significant period of time, at proposals for the Severn estuary in particular. Unfortunately, at that time the price that would have had to be guaranteed in relation to the cost to the consumer was too high. Of course, looking at it today, it could be a very different picture.

My right hon. Friend the Prime Minister outlined a number of steps the Government are taking, and I look forward to seeing the full details of those. However, I suggest there are some other measures that would both address energy prices and energy security while capitalising on our high-growth tech sectors, and help us to meet our domestic and international climate change obligations. There are measures that will save people money that will also help to save the planet.

The UK has already shown that we do not have to choose between low emissions and economic growth. We can have both. To achieve net zero we will need to remove the country’s dependence on fossil fuels. My right hon. Friend announced a net zero review; perhaps when he sums up this debate the Secretary of State could indicate how that net zero review will fit in with the net zero strategy that the Government published in advance of COP26, and which many are already working on.

While my right hon. Friend the Prime Minister has acted swiftly and correctly to help people over these difficult times, it makes sense to accelerate our transition to a low-carbon energy system. That can be done by speeding up the roll-out of low-cost, home-grown renewable technologies.

Kevin Brennan Portrait Kevin Brennan
- View Speech - Hansard - -

The former Prime Minister says that the Government have acted correctly, but the Government’s case is that energy prices are going up because of the war in Ukraine. Therefore, those profits are being earned because of the war in Ukraine. Why is it right to prioritise war profiteering and instead have a stealth tax on households?

Theresa May Portrait Mrs May
- View Speech - Hansard - - - Excerpts

What is right is to provide support for households who are worried about their energy bills, and that is exactly what the Government are doing.

Of course, if we are going to increase our use of renewables, it is important that the price people pay for their electricity reflects the cost of that production and not the cost of gas. I welcome the fact that my right hon. Friend—