Thursday 23rd September 2021

(2 years, 6 months ago)

Commons Chamber
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Urgent Questions are proposed each morning by backbench MPs, and up to two may be selected each day by the Speaker. Chosen Urgent Questions are announced 30 minutes before Parliament sits each day.

Each Urgent Question requires a Government Minister to give a response on the debate topic.

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Kwasi Kwarteng Portrait Kwasi Kwarteng
- Parliament Live - Hansard - - - Excerpts

The hon. Gentleman will have seen reports that energy companies want the Government to lift the energy price cap. I have repeatedly resisted that. I have said explicitly, on the Floor of the House and in other places, that the price cap must stay, while also reaffirming our commitment to the warm home discount scheme and the winter fuel payment. We are absolutely focused on keeping consumer prices as low as possible in the energy market.

Paul Howell Portrait Paul Howell (Sedgefield) (Con)
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We are all hearing about the number of businesses in this market that are going bust at the moment, but can my right hon. Friend assure me, and my constituents, that this is expected to be a short-term shock and we will come out of it with a robust market and plenty of diversity of supply?

Kwasi Kwarteng Portrait Kwasi Kwarteng
- Parliament Live - Hansard - - - Excerpts

My hon. Friend knows that competition is the key to this market. We had a world that was oligopolistic in this respect, but we have introduced the price cap, and there are plenty of small, nimble entrants driving innovation and a dynamic system. I am absolutely committed to a competitive market, and I am sure that after this process we will still have a vibrant and dynamic energy system.