Energy Security Strategy

Dan Carden Excerpts

Tuesday 19th April 2022 Commons Chamber

[Kwasi Kwarteng]

In partnership with Ofgem, we have discussed trying to secure a much more resilient energy retail market, with financial covenants involving much more financial discipline and financial disclosure, as well as other ways in which we can ensure that what happened last winter does not happen again.

[Dan Carden (Liverpool, Walton) (Lab)]

Some 12,000 households in my constituency rely on prepayment meters. The chief executive of ScottishPower rightly raised that issue with the Business, Energy and Industrial Strategy Committee today, saying that it was perverse that those people—often the most vulnerable—can end up paying higher rates than people with direct debit arrangements. Will the Secretary of State take this up with the energy companies, and, if necessary, compel them to ensure that the most vulnerable members of society are not paying the highest prices?

[Kwasi Kwarteng]

I think it was Keith Anderson who spoke to the Committee this morning. I speak to Keith and others in the sector all the time, as does the Minister for Energy, Clean Growth and Climate Change, my right hon. Friend the Member for Chelsea and Fulham (Greg Hands). We will definitely look into this issue, because it seems disproportionate and unfair that people with prepayment meters should be paying so much more than those with direct debits, and we shall be happy to take it up with the leaders in the sector.