Oral Answers to Questions

Luke Murphy Excerpts

Tuesday 6th January 2026 Commons Chamber

[Ed Miliband]

Don’t tempt me, Mr Speaker—don’t tempt me!

I want to briefly make one point. In the warm homes plan, which will come soon, we will be making £15 billion of public investment to help people cut their bills. The Conservatives can oppose that if they like, but I think it will be supported across the country, because they were an absolute failure on energy efficiency and all of that, and we are going to succeed.

[Luke Murphy (Basingstoke) (Lab)]

T3. Since 2021, energy network firms have pocketed £4 billion in excess profits under the previous price control regime, known as RIIO-2, set under the previous Government. Those costs are borne by all our households through inflated energy bills. With Ofgem’s new price control regime, RIIO-3, now published, can the Minister confirm that robust safeguards are in place to both secure vital investment, but also protect from profiteering and deliver value for money for bill payers?