Context
The MP noted that many small businesses, including a Spanish café in Winchester, face significant challenges due to high electricity bills and energy volatility. He cited statistics indicating that the average monthly electricity bill for a small business is £240, and 92% of such businesses plan to increase prices to cope with fluctuating energy costs.
Question
Small and medium-sized businesses are the lifeblood of our economy; many face significant challenges due to high electricity bills. The average monthly electricity bill is now £240, and 92% of businesses will increase prices because of energy volatility. Does the Minister agree that this situation fails small businesses, and will he commit to reviewing how to end the wild west of energy regulation?
Answer from The Parliamentary Under-Secretary of State for Energy Security and Net Zero (Chris McDonald)
I hope that it was clear in my previous answer that the Government are not satisfied with the position as it is. Of course, energy volatility has historically been caused by our reliance on oil and gas from petrostates and dictators. The Conservatives wish to return to that policy. Our clean power mission will ensure future energy security for businesses and consumers. Unlike climate-denying policies of the Conservatives and Reform, ours will deliver green energy and energy security.
Not addressed: The Minister did not commit to a review or provide specifics on addressing energy volatility regulation.
How: Attack
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