Asked by: Lord Hylton (Crossbench - Excepted Hereditary)
Question to the Department for Business and Trade:
To ask His Majesty's Government what plans they have, if any, to re-nationalise public utilities to provide water, electricity and gas in instances where there are, in effect, natural monopolies and limited choice or representation for consumers.
Answered by Earl of Minto - Minister of State (Ministry of Defence)
The government has no plans to re-nationalise the water, electricity, or gas industries. Properly regulated markets, which incentivise private capital to invest in the energy and water systems, provide the best outcome for consumers and promote market competition as the best driver of efficiency, innovation, and value.