Michael Shanks

Michael Shanks

Labour — Rutherglen

Speaking in the House of Commons on 18 March 2025

Debate

Electricity Grid Decarbonisation

Contribution

The Select Committee Chair makes an important point. Along with the Minister for Energy Consumers, my hon. Friend the Member for Peckham (Miatta Fahnbulleh), I am looking at all options, because it is important that we bring down bills and that we are building an energy system that protects us from the volatile fossil fuel markets in the future. There are trade-offs to be made when rebalancing that we need to be aware of, in particular whether a diminishing number of gas customers can pay bills if we were to transfer levies, but we are looking at all options and are, of course, looking at how we review with Ofgem the wider question of standing charges to make sure we bring down bills. My hon. Friend is right to say of the journey that we are on—and that the Conservative party used to be on, and on which there used to be consensus—that our transition to net zero is important for energy security and for the climate, but also for protecting bills in the long term.

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