Oral Answers to Questions

Debate between Andrea Leadsom and Mark Spencer

Thursday 14th July 2016 Commons Chamber

[Andrea Leadsom]

I also enjoyed the chocolate raisins.

The evidence is clear that customers on expensive standard tariffs could save £325 by switching to the cheapest fixed deal. I do not think that the CMA is blaming consumers; it is recognising a slight inertia or unwillingness to switch. We are trying to urge people to switch. Between January and March this year, almost 2 million energy accounts were switched, over half of which moved to new suppliers, so the push to switch is actually getting through and we are seeing some progress.

[Mark Spencer (Sherwood) (Con)]

I congratulate the Minister on all that she has done to encourage competition, which helps consumers to get a price that is better for them. That is in stark contrast to Opposition Members who often scaremonger about capacity markets driving prices up and scare my constituents into worrying about whether they can pay their bills.

[Andrea Leadsom]

My hon. Friend is exactly right. People all too often fail to recognise that the energy trilemma consists of keeping the lights on, keeping bills down, and decarbonising. He is right that the capacity market is there to ensure the security of supply and that is the payment we make to keep the lights on.