Energy Prices: Support for Business
Debate between Paul Maynard and Jacob Rees-Mogg(2 years, 1 month ago)
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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.
Shale Gas Extraction
Debate between Paul Maynard and Jacob Rees-Mogg(2 years, 1 month ago)
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Mr Rees-Mogg
His Majesty’s Government are on the side of people who need energy, businesses that need energy and an economy that needs to grow. The Labour party is in favour of no growth, coldness and high prices.
Paul Maynard (Blackpool North and Cleveleys) (Con)
The Costa Coffee that I visited on Tuesday morning rivalled the House of Commons Chamber this morning for robustness of debate and strength of opinions expressed. I sought to reassure constituents that they would have the opportunity to have their say because local consent was required. I have been listening carefully to the Secretary of State this morning, but I have yet to hear any explanation of how local consent will be determined; indeed, any reference to local consent has been absent. Let me try once more: will my constituents be asked whether they want fracking, or not?
Mr Rees-Mogg
As I have said, and as the Prime Minister has said, we will be looking to have the support of local communities. That is important. There will be a responsibility on companies, when they bring forward proposals, to work out how they can get that local consent. It seems to me pretty clear that that will involve giving money to people to encourage them, because they will want to have the benefit locally while they are doing something that helps the country nationally.