Jacob Rees-Mogg – 2022 Comments on the New Energy Prices Bill

The comments made by Jacob Rees-Mogg, the Secretary of State for Business, Energy and Industrial Strategy, on 11 October 2022.

Businesses and consumers across the UK should pay a fair price for energy. With prices spiralling as a result of Putin’s abhorrent invasion of Ukraine, the government is taking swift and decisive action.

We have been working with low-carbon generators to find a solution that will ensure consumers are not paying significantly more for electricity generated from renewables and nuclear.

That is why we have stepped in today with exceptional powers that will not only ensure vital support reaches households and businesses this winter but will transform the United Kingdom into a nation that offers secure, affordable and fairly-priced home-grown energy for all.