Energy Prices

Baroness Lister of Burtersett Excerpts

Wednesday 12th January 2022 Lords Chamber

[Lord Callanan (Con)]

There are a number of different policies under consideration but, of course, the situation is never as simple as the noble Lord would have us believe. Many of the North Sea producers over which we would have taxation control have long-term contracts in place at fixed prices to supply wholesalers in the United Kingdom. So it is not clear that there are excessive profits being made—but I am sure that this is something that the Chancellor will want to look at in his review, to see what else we can do in this area.

[Baroness Lister of Burtersett (Lab)]

My Lords, if the Government want to focus any help with the cost of living crisis on those in greatest need, the simplest and fastest way in which to do so is to boost social security. Why are they not proposing such a boost?

[Lord Callanan (Con)]

Let me tell the noble Baroness what we are doing. The winter fuel payment provides all pensioners across Britain with between £100 and £300 to put toward their fuel bills, which costs £2 billion a year. The cold weather payment provides vulnerable households on qualifying benefits with payments of £25 during periods of cold weather, and the Government have spent £100 million on that. We will continue to spend considerable sums of money to help those most in need.