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Energy Price Cap

Part of the debate – in the House of Commons at 3:36 pm on 3rd July 2017.

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Photo of Greg Clark Greg Clark The Secretary of State for Business, Energy and Industrial Strategy 3:36 pm, 3rd July 2017

I am surprised to hear implicit support from the hon. Gentleman for the programme of nationalisation of this sector that the Labour party stood on. The billions of pounds that that would cost would not be the most important use of funds. This has been a regulated industry since privatisation many years ago, and the regulation needs to function better than it has.