Energy Prices: Support for Business

Ian Mearns Excerpts

Thursday 22nd September 2022 Commons Chamber

[Mr Rees-Mogg]

On the second point, people either have a gas meter or they do not, so that is relatively straightforward. As regards the first point, the price of heating oil has not risen as much as the price of gas. The aim of Government policy is to ensure equivalence, and therefore, inevitably, the support given for those on heating oil will be a lower actual amount than that for those connected to the gas grid—but that will give them equivalence.

[Ian Mearns (Gateshead) (Lab)]

An aspect of this that has not really been talked about is the gas and energy consultancy companies. My constituency has a higher than average proportion of the energy consultancy companies based in the wider north-east region, and they are feeling the impact of the energy crisis really hard. Hundreds of energy consultant jobs have been lost in Gateshead in the past month alone, leading to an exodus of expertise and innovation, which will further harm business in the future. The Government’s announcement of a cap on energy prices for the next six months does nothing to promote market competition between suppliers, and leaves brokerage and consultancy companies sidelined. Businesses will ultimately need to return to the market to improve energy contracts, if they are to survive throughout 2023, unless of course the Government intend to change the market model. What plans do the Government have to repair the energy market in 2023 and, importantly, to support those businesses in the north-east in the meantime? Or is it going to be more a case of devil take the hindmost?