Energy Markets

Claire Young Excerpts
Thursday 5th March 2026

(1 month, 1 week ago)

Commons Chamber
Read Full debate Read Hansard Text Watch Debate Read Debate Ministerial Extracts
Ed Miliband Portrait Ed Miliband
- View Speech - Hansard - - - Excerpts

We use negligible amounts of fuel from China, and I can absolutely reassure my hon. Friend, and indeed his constituents, on security of supply.

Claire Young Portrait Claire Young (Thornbury and Yate) (LD)
- View Speech - Hansard - -

On nuclear, I note that, had small modular reactors gone to Oldbury, Wylfa would still be available for other options to reduce our fossil fuel dependence. I want to ask about small businesses. On top of a rising tax burden, the fear of further energy spikes causes small businesses in my constituency, particularly energy-intensive ones such as hospitality and manufacturing, to fear for their survival. Will the Secretary of State introduce new measures to support them?

Ed Miliband Portrait Ed Miliband
- View Speech - Hansard - - - Excerpts

The hon. Lady raises an important issue. Indeed, the Under-Secretary of State for Energy Security and Net Zero, my hon. Friend the Member for Stockton North (Chris McDonald)—who has briefly left the Chamber—is also a Minister at the Department for Business and Trade and has a particular focus on how we can help small businesses to get better deals. Better regulation of the deals they get is one area where Ofgem will have a role in what was previously an un-regulated or under-regulated market. On the wider point about the impact of the crisis on small businesses, I reiterate to the hon. Lady, by way of reassurance, what I have said to other hon. Members. The Government are absolutely focused on the impact of the crisis on households and indeed businesses, and we will not hesitate to act.