Energy Security Strategy
Debate between Andrew Percy and Kwasi Kwarteng(2 years, 7 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Kwasi Kwarteng
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 (Brigg and Goole) (Con)
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
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.