Energy Tariffs
Debate between Seema Malhotra and John Hayes(12 years, 1 month ago)
Commons ChamberRead Full debate Read Hansard Text
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Mr Hayes
The hon. Gentleman knows that the proposals I have described today will form part of a Bill. That Bill will be debated and scrutinised by this House, and it would be impertinent of me to anticipate how that Bill will end its passage through this House, because the party of which he is a member will of course table amendments and make its case, and the details of that are at this stage unknown. I will say, however, that our policy intent, articulated by the Prime Minister with, to be frank, a determination not seen when the Labour party was in government, is that people should pay less for their energy through the reform of tariffs. I cannot be plainer than that.
Seema Malhotra (Feltham and Heston) (Lab/Co-op)
Analysis on “Newsnight” last night suggested that the policy as announced by the Prime Minister could well reduce competition and increase prices. Was the programme right to raise those concerns?
Mr Hayes
I do not believe so. I think we can square the circle of increasing competition, which I hope will encourage downward pressure on prices, but at the same time getting the investment we need in energy infrastructure. I described that as a significant challenge—the whole House knows that it is—but I think it can be achieved if we get energy market reform right.