Ed Miliband

Ed Miliband

Labour — Doncaster North

Speaking in the House of Commons on 5 March 2026

Debate

Energy Markets

Contribution

My hon. Friend speaks wisely on these issues. I agree with what he said about how we get energy security and the right thing to do. On the question of bill payers, across Government and across the House, we are incredibly alive to and vigilant about the potential impact of the crisis. I believe there is cross-party support for the price cap, which I think is very important. In a world without the price cap, we would see much more immediate effects. That does not mean that everyone is protected, but the vast majority of domestic consumers are protected by the price cap. My hon. Friend asked about short-term action, including through RNP. As he would imagine, across my Department, there is intensive work under way, looking at all the options that we have. As the regulator said to the Committee yesterday, much of this will depend on how long the crisis lasts, but the Chancellor and the Prime Minister have both shown their willingness and determination to act on bills, and I am sure that will remain.

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