Mike Crockart
Main Page: Mike Crockart (Liberal Democrat - Edinburgh West)(11 years, 4 months ago)
Commons ChamberRead Full debate Read Hansard Text
Mr Davey
It is great news because it shows how competition can assist in this process. I refer the hon. Lady to Ofgem’s retail market review analysis, which showed that customers on prepayment meters can save an average of £65 and up to £152 by switching to the cheapest deal within that prepayment method. The proposals we are taking forward really will help people on prepayment meters.
Mike Crockart (Edinburgh West) (LD)
Does my right hon. Friend agree that the best way to reduce energy bills is to reduce energy use? With that in mind, can he tell us whether he has reached an agreement with the green investment bank to help to fund the green deal?
Mr Davey
My hon. Friend is absolutely right: when it comes to energy bills, saving energy is the best way to save money. The green investment bank is engaging with my Department and the Green Deal Finance Company over the support it will give to the green deal. I cannot make an announcement today. All I can say is that the green investment bank is being helpful on the green deal, as on many other areas, and that it is a victory for this Government that we have introduced the green investment bank.