Jonathan Reynolds
Main Page: Jonathan Reynolds (Labour (Co-op) - Stalybridge and Hyde)
Mr Davey
Indeed, one danger of the regulatory approach is not only that it discourages investment and reduces competition, but that one can freeze prices at a high level. The benefits of competition and falling wholesale prices will mean that bills will come down—indeed, people can save on their bills through the competition we have stimulated.
Jonathan Reynolds (Stalybridge and Hyde) (Lab/Co-op)
Members on both sides of the House recognise that some of the households with the highest bills are in the private rented sector, where we simply have to raise standards. We want to go further than the coalition, but the Secretary of State has repeatedly assured us that the coalition Government will act to improve the very worst homes by 2018. May I therefore ask him, straightforwardly, whether this Government will introduce the regulations on the private rented sector before the end of this Parliament? If not, why not?
Mr Davey
I share the hon. Gentleman’s view that it is very important to get energy-efficiency in the private rented sector—something that the previous Government failed to act on. We have legislated in the Energy Act 2011, we have consulted on this and we will be making proposals.