Costs of Living Debate
Full Debate: Read Full DebateDepartment: Department for Business, Energy and Industrial Strategy
Lord Lancaster of Kimbolton
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Costs of Living
Lord Lancaster of Kimbolton Excerpts(2 years, 6 months ago)
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Lord Lancaster of Kimbolton (Con)
My Lords, supply is a key factor when it comes to price, so, given the conflict in Ukraine, can my noble friend outline what the Government are doing to ensure that we have security of energy supply?
Lord Callanan (Con)
My noble friend makes an important point. The best thing we can do to ensure security of supply is to generate more of our supply here in the UK. For that, we need to keep producing as much oil and gas as we can from the North Sea during the transition period, and to ramp up the amount of homegrown renewables and nuclear, which we are also doing.