Energy Prices: Support for Business Debate
Full Debate: Read Full DebateDepartment: Department for Business, Energy and Industrial Strategy
Paul Maynard
Main Page: Paul Maynard (Conservative - Blackpool North and Cleveleys)Department Debates - View all Paul Maynard's debates with the Department for Business, Energy and Industrial Strategy
Energy Prices: Support for Business
Paul Maynard Excerpts(1 year, 7 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Rees-Mogg
That is exactly what the review will cover, and it will be published in plenty of time for 1 April.
Paul Maynard (Blackpool North and Cleveleys) (Con)
Obviously, across the House we welcome this package. We have seen many similar packages across Europe, but there has been much further debate in Europe about how to constrain demand, particularly on the part of industrial users. We cannot subsidise consumption without also trying to reduce demand, because otherwise we will cause immense risk of blackouts come this winter.
Mr Rees-Mogg
The price signal remains very strong. Even with this support, prices have risen significantly and it is fair to assume that non-domestic users will be rational actors in the market.