(8 years, 5 months ago)
Commons ChamberI think the hon. Lady will accept that my concern about investor confidence led to a very significant move on my own part to make sure that we had certainty in the UK. The new Government will absolutely be keen to reassure investors and to make sure that this remains a very strong place to invest.
14. What steps her Department is taking to ensure that energy consumers are on the best value energy tariffs.
The most effective way for energy consumers to make sure that they are on the best value tariff is to shop around. I encourage all consumers to engage in the market and to make use of the Ofgem-approved price comparison websites that are readily available. We have taken action to make it simpler and quicker to switch supplier, and we are working with Ofgem to move to reliable next-day switching.
I thank the Minister for that response. Many people remain unaware of how easy it is to switch energy providers and save money. What actions is her Department taking to encourage people to look into switching providers?
My hon. Friend is right to say that we need to make sure that people are aware not just of the benefits of switching, but of how easy it is to do. We are taking steps to raise awareness through the big energy saving network, Big Energy Saving Week and the Power to Switch campaign. We are also working to improve the switching process for customers. We launched the energy switch guarantee last month to give consumers confidence to switch, and we are working with Ofgem to deliver next-day switching.
The hon. Lady will be aware that Charles Hendry was appointed to look into the whole case for tidal lagoons and the contribution they could make to our future energy security, but also, importantly, the cost trajectory. His report will come out later this year. I cannot put a specific time on that, but we are acting just as fast as we possibly can.
T3. What assessment has my hon. Friend made of progress on Hinkley Point following the result of the EU referendum?
Good progress continues to be made on Hinkley Point C. When I visited the site a few months ago, it was very apparent that a huge amount of work is already going on. As my hon. Friend will have seen, EDF has reaffirmed its full commitment to the project following the result of the referendum on 23 June.