Debates between Rebecca Long Bailey and Jim Cunningham during the 2017-2019 Parliament

Tue 6th Mar 2018

Domestic Gas and Electricity (Tariff Cap) Bill

Debate between Rebecca Long Bailey and Jim Cunningham
2nd reading: House of Commons
Tuesday 6th March 2018

(6 years, 8 months ago)

Commons Chamber
Read Full debate Domestic Gas and Electricity (Tariff Cap) Act 2018 View all Domestic Gas and Electricity (Tariff Cap) Act 2018 Debates Read Hansard Text Read Debate Ministerial Extracts
Rebecca Long Bailey Portrait Rebecca Long Bailey
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The hon. Gentleman makes an interesting point. We would expect all stakeholders to be engaged in the process, because the Bill must suit the entire energy market and deal effectively with competition. As I set out earlier, the Bill, as drafted, does not provide sufficient clarity on what is meant by “effective competition”.

Jim Cunningham Portrait Mr Jim Cunningham (Coventry South) (Lab)
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In answer to the question asked by the hon. Member for Fylde (Mark Menzies), the regulator is supposed to represent consumers, but it is not strong enough to do that. The sooner we have a proper inquiry into the energy market the better. I have been saying that for the past seven years.

Rebecca Long Bailey Portrait Rebecca Long Bailey
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My hon. Friend makes a fantastic point about the need for a fundamental root-and-branch look into how our energy market functions and what we will expect to see from it if it is to suit our needs.

The Opposition are pleased that the Government have caught up and finally brought forward legislation to ensure that a price cap is implemented, but the Bill is frankly too little, too late, for millions of people who will not feel benefit this winter and nor, it would seem, for half of next winter. This sticking plaster is only guaranteed to be in place until the end of 2020, so the Government need urgently to bring forward radical proposals for long-term reform of the energy market. We have already set out a clear plan, and it is time that this Government started to catch up.