Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, if his Department will make an assessment of the impact of bringing energy companies into public ownership on energy bills.

The Government does not intend to make such an assessment. Nationalisation will not solve the current challenge of high global fossil fuel prices and the impact this is having on the cost of energy. Properly regulated markets, which incentivise private capital to invest in the energy system, provide the best outcome for consumers and promote market competition as the best driver of efficiency, innovation and value.