Ed Miliband

Ed Miliband

Labour — Doncaster North

Speaking in the House of Commons on 5 March 2026

Debate

Energy Markets

Contribution

I agree with the first part of my hon. Friend’s question, so I will take the last part on marginal pricing, as that is the challenge, and be as brief as I can. I completely understand the logic of his question. One of the benefits of a clean power system is that gas will set the price much less of the time. One of the benefits of moving from the renewables obligation to contracts for difference is that it gives us a fixed price that is not subject to the marginal price of gas. I am sympathetic to the principle that my hon. Friend espouses, but the truth is that there are significant obstacles to getting to what he wants to see in a timely way and a way that is better for bill payers. Among all the other things, my Department continues to look at that.

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