Energy Markets

Oliver Ryan Excerpts
Thursday 5th March 2026

(1 day, 16 hours ago)

Commons Chamber
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Ed Miliband Portrait Ed Miliband
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My hon. Friend is right to raise the issue of heating oil. As I have said a number of times, it is an important issue and is very much on our radar. On her wider point, she is absolutely right.

Oliver Ryan Portrait Oliver Ryan (Burnley) (Lab/Co-op)
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The Secretary of State is right to say that, because of our reliance on oil and gas, we are a price taker, not a price maker. We are exposed, and families in Burnley, Padiham and Brierfield are worried. Will he continue to strengthen our home-grown sovereign energy supplies and production to keep driving down energy bills? Given the potential for future wholesale price volatility, will he look at getting suppliers in the room again to reduce standing charges, which people see as unfair, regressive and unrelated to their energy use?

Ed Miliband Portrait Ed Miliband
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Somebody asked me about standing charges earlier, and I neglected to respond. One important thing that we did was transfer the warm home discount to unit rates, which helped make a difference in bearing down on standing charges. I reassure my hon. Friend, and many of his constituents and others who are concerned about this issue—I talk to Martin Lewis and others about such matters—that we continue to look at it.