Domestic Gas and Electricity (Tariff Cap) Bill - Report

Part of the debate – in the House of Lords at 4:45 pm on 27th June 2018.

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Photo of Lord Mackay of Clashfern Lord Mackay of Clashfern Conservative 4:45 pm, 27th June 2018

It seems that the Secretary of State has to make a decision before the end of 2019, in respect of 2020. At that stage, it must be assumed that the price cap will not continue because, unless the Secretary of State continues it, it will stop at the end of that year. There is an extra argument, as it were, to the argument about the cap stopping then: the cap will not be in contemplation in examination of the situation because we will have to assume that it has stopped. Therefore, any effect that it has on reducing competition is out of the equation at that juncture. I hope that noble Lords follow me.