All 1 Debates between Andrew Percy and Kwasi Kwarteng

Energy Security Strategy

Debate between Andrew Percy and Kwasi Kwarteng
Tuesday 19th April 2022

(2 years, 8 months ago)

Commons Chamber
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Kwasi Kwarteng Portrait Kwasi Kwarteng
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That obviously refers, relatively, to whatever the wholesale price of gas will be. I am not a gas trader, and nor is the hon. Gentleman. He has no idea what the wholesale gas price will be either. The strategy will have a tendency to lower prices.

Andrew Percy Portrait Andrew Percy (Brigg and Goole) (Con)
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If recent events have shown us one thing, it is the importance of having our own strategic steel industry—something that I know the Secretary of State understands. The announcement of the expansion of the energy-intensive industries compensation scheme is welcomed by the industry, but can the Secretary of State tell us when we will know the details of that?

Kwasi Kwarteng Portrait Kwasi Kwarteng
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We are in constant conversation about this. It was a hard-earned win for the Government, and we are very pleased to be backing steel. My hon. Friend knows of my commitment to the industry. We have won some battles, and I look forward to engaging with him on this in the future.