Part of the debate – in the House of Commons at 10:27 am on 26 July 2024.
Michael Shanks
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
10:27,
26 July 2024
I am not sure that the hon. Gentleman understands the purpose of GB Energy, but it is not to bring down gas prices; it is to bring down Bills. The whole point of GB Energy is to move us away from our over-reliance on gas. If we are not reliant on gas prices, we will remove that risk to bills from the shocks that we receive from the international markets, but we can do that only if we invest in the clean energy of the future.
A proposal for new legislation that is debated by Parliament.