Domestic Gas and Electricity (Tariff Cap) Bill

Part of the debate – in the House of Commons at 2:36 pm on 6th March 2018.

Alert me about debates like this

Photo of Greg Clark Greg Clark The Secretary of State for Business, Energy and Industrial Strategy 2:36 pm, 6th March 2018

I am indeed confident of that, and it is one of the reasons why I am so grateful for the swift attention of the Committee on which the hon. Gentleman served in giving the Bill pre-legislative scrutiny and taking evidence from expert witnesses.

As I said earlier, the Bill has been constructed to be proportionate and to be directed at a particular problem that we expect to be temporary. On that basis, I hope it will enjoy support from across the House and we can swiftly progress it so that we can correct an intolerable situation in which consumers have been exposed to paying £1.4 billion more than they would in a competitive market. That abuse should end. This Bill will give Ofgem not only the ability to do so, but the requirement that it should do so, and I commend it to the House.