Energy Prices: Support for Business

Aaron Bell Excerpts
Thursday 22nd September 2022

(2 years, 3 months ago)

Commons Chamber
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Aaron Bell Portrait Aaron Bell (Newcastle-under-Lyme) (Con)
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I thank my right hon. Friend for his statement, which I know will be welcomed across Newcastle-under-Lyme both in our hospitality industry and at the brickworks in Chesterton, which is energy intensive. Does he agree that we must not be in this position again in the future—indeed, western Europe must not be in this position again—and that that will require investment not only in diversifying our energy but in storage? What will his Department do to work on energy storage?

Jacob Rees-Mogg Portrait Mr Rees-Mogg
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My hon. Friend is right: we must not be in this position again. That is why we want to ensure that we maximise our own domestic sources of energy and look at long-term contracts with friendly nations across the world that are fundamentally more reliable. Yes, there is a great deal more to do, and storage is something that we are looking at.