Phillip Lee
Main Page: Phillip Lee (Liberal Democrat - Bracknell)
Dr Phillip Lee (Bracknell) (Con)
7. What assessment he has made of the effect of recent trends in wholesale energy prices on household energy bills.
Stephen Metcalfe (South Basildon and East Thurrock) (Con)
12. What assessment he has made of the effect of recent trends in wholesale energy prices on household energy bills.
The Parliamentary Under-Secretary of State for Energy and Climate Change (Amber Rudd)
All the major suppliers have announced reductions to their standard variable gas tariffs in recent weeks in response to reductions in the wholesale gas price. The price of fixed-term deals has continued to fall, with the cheapest deal on the market £100 cheaper than the cheapest deal a year ago. The Competition and Markets Authority has made it clear that it will be looking further at the relationship between wholesale costs and retail prices as part of its investigation.
Dr Lee
I thank the Minister for her reply. The news about prices and bills is all very welcome, but does she agree that the next Conservative Government—as I hope and expect it will be—should concentrate primarily on energy efficiency? This would bear down on household bills and, indeed, bills for businesses, while also conserving our planet’s finite resources and helping to secure this great nation’s energy supplies in future.
Amber Rudd
On this account, my hon. Friend is absolutely right: energy efficiency is indeed the best way to help people and that is why it has been a Government priority for the past few years. He is also absolutely right that the benefit is not only in keeping bills down, but in conserving our resources.