Category: Energy

  • Greg Hands – 2021 Statement on the Energy Default Tariff Cap

    Greg Hands – 2021 Statement on the Energy Default Tariff Cap

    The statement made by Greg Hands, the Minister of State at the Department for Business, Energy and Industrial Strategy, in the House of Commons on 29 October 2021.

    The Domestic Gas and Electricity (Tariff Cap) Act 2018 enables the default tariff (price cap) on standard variable and default energy tariffs to be extended on an annual basis up to end of 2023 at the latest. These annual extensions are dependent on an assessment and statement that I make every year, by 31 October, on whether the conditions for effective competition are in place for domestic supply contracts.

    I am confirming today that the price cap mechanism will remain in place for 2022 as the conditions for effective competition are not yet in place for domestic supply contracts.

    As required by legislation, the independent energy regulator, Ofgem, has carried out an assessment into whether the conditions are in place for effective competition in domestic supply contracts this year. Ofgem has been transparent in how it made its assessment, and its report is clear and thorough. Ofgem assesses that these conditions have not been met and recommends that the price cap mechanism should be extended.

    The level of the price cap is a separate matter for Ofgem to determine.

  • Bridget Phillipson – 2021 Comments on Confusion Over Government’s Energy Strategy

    Bridget Phillipson – 2021 Comments on Confusion Over Government’s Energy Strategy

    The comments made by Bridget Phillipson, the Shadow Chief Secretary to the Treasury, on 10 October 2021.

    In the teeth of a crisis of its own making, the Government has put its out of office on. The Prime Minister has gone on holiday, no one knows where the Chancellor is, and this morning we understand the Business Secretary has entered the realms of fantasy.

    The two key government departments responsible for the current cost of living crisis have spent this morning infighting about whether they were in talks with each other. What a farce. If government ministers can’t even tell the truth about each other, then what hope do we have for the challenges facing our country?

    We need urgent answers on who exactly is running the show. The Government needs to get a grip because the British people are paying the price for the Prime Minister’s incompetence.

  • Ed Miliband – 2021 Comments on the Energy Crisis

    Ed Miliband – 2021 Comments on the Energy Crisis

    The comments made by Ed Miliband, the Shadow Business Secretary, on 11 October 2021.

    Yet again we see that in the face of their failed energy policy, the Government has nothing to offer businesses or consumers to help them with the crisis they are facing. For firms and families waiting to hear how the Business Secretary might help, there is a total absence of a plan and no extra help.

    The Government is squabbling amongst itself, with the Treasury even denying they are talking to BEIS about providing help for large, energy intensive industries.

    It is becoming clearer by the day that the Government that got us into this mess because of a decade of inaction is now paralysed by the scale of the crisis and cannot get us out of it. All the while, it is businesses and families who are paying the price of government denial, failure and an appalling refusal to understand what our country is facing.

  • Ed Miliband – 2021 Comments on Gas Prices

    Ed Miliband – 2021 Comments on Gas Prices

    The comments made by Ed Miliband, the Shadow Business Secretary, on 6 October 2021.

    Britain’s businesses and consumers are paying the price for the failures of this government.

    The UK is particularly vulnerable to increases in gas prices because the government allowed our gas storage facilities to close, blocked onshore wind, cut solar subsidies, stalled our nuclear programme and because of their total failure to deliver a long-term plan for energy efficiency.

    And now the Government remains in total denial about the scale of the energy price crisis facing consumers and firms. The Prime Minister needs to stop with the bluster, and get a grip of the cost of living crisis facing our country.

  • Claire Perry – 2018 Speech on Gas

    Below is the text of the article written by Claire Perry, the Minister of State for Energy and Clean Growth, on 18 May 2018.

    Developing our North Sea oil and gas has been a Great British success story.

    Since the first wells started producing in the 1960s we have created a secure domestic energy supply, created thousands of high quality jobs, delivered billions to the economy and driven the growth of a huge engineering sector that we have exported to the world.

    Even with the amazing improvements in North Sea production, volumes are declining and we are now importing almost half of our gas supplies.

    Although we are in no way reliant on Russian gas despite what the Russians would have you believe.

    Because gas is so important for our economy we know that we will need it for decades to come.

    It also fits with our world-beating climate goals as it generates less CO2 than oil and coal.

    That is why every estimate of our 2050 emissions reductions targets from the independent Climate Change Committee includes gas in our energy mix and why it is right to continue to look for gas that can be safely extracted from the potentially huge reserves hundreds of metres beneath our feet.

    And there are other benefits too.

    Shale gas extraction could provide a big clean growth boost for local communities as part of our modern Industrial Strategy – bringing thousands of high quality jobs, local investment and financial benefits to many parts of the country.

    And our world-leading environmental regulations mean we could create even more investment and export opportunities from innovations like recycling waste water.

    There are those who argue strongly against shale gas, using the most colourful and scaremongering language they can find and intimidating local communities and decision makers with lots of protesters from out of town.

    In my experience, most of these arguments are made by people who actually just don’t want us to use gas at all – now or ever.

    While we should all be hugely proud of our huge progress on renewables that delivers almost 30 percent of our electricity needs, we cannot meet our energy and heat needs now, or for many years to come, at a price we can afford, without using the gas that geography has gifted us.

    That is why we committed to support the development of onshore British shale gas and to deliver a clean safe and affordable energy supply for the country.

    It is why I have set out these changes to the planning and regulation regime to make sure there is support available for all involved in this process.