Energy Markets

Jim Shannon Excerpts

Thursday 5th March 2026 Commons Chamber

[Jim Shannon (Strangford) (DUP)]

I thank the Secretary of State for his statement. As soon as the first missiles were launched over Iran, those working in the energy sector were already warning that prices would escalate. The public can little afford the price gouging that took place when Russia invaded Ukraine, so what steps will the Secretary of State take to ensure that any rise is absolutely necessary and will not result in greater profits for certain people and companies? What consideration will be given to implementing energy schemes to help working families meet the cost?

[Ed Miliband]

The hon. Gentleman speaks with great eloquence on these issues on behalf of his constituents and others. He is absolutely right to say that, in a situation like this, everyone has a responsibility. The Government have a responsibility, and private companies have a responsibility too—he is right to make them aware of that. On the wider question about the impact on families, it is important that the Government are vigilant about the steps we can take to help people.