The Growth Plan Debate

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Department: HM Treasury

The Growth Plan

Patrick Grady Excerpts
Friday 23rd September 2022

(2 years, 2 months ago)

Commons Chamber
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Patrick Grady Portrait Patrick Grady (Glasgow North) (Ind)
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Will the Chancellor make it clear to the House that £2,500 represents the energy bill of a typical or average household and that, in fact, many non-typical and non-average households will continue to pay more? Those households will often be in the greatest need, and they will continue to pay more until there is structural change to the energy market, including sorting out prepayment meters, sorting out the standing charge and ending the link between gas and oil prices.

Kwasi Kwarteng Portrait Kwasi Kwarteng
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The hon. Gentleman is absolutely right to say that we need to look at how the energy market works. How the gas price determines the electricity price is openly discussed, but a lot of our electricity generation is based not on fossil fuels but on renewables. I commissioned that work in the Department for Business, Energy and Industrial Strategy, and I hope to see it completed very soon.