Liz Saville Roberts – 2022 Speech on Energy Price Capping
The speech made by Liz Saville Roberts, the Plaid Cymru MP for Dwyfor Meirionnydd, in the House of Commons on 8 September 2022.
Diolch yn fawr, Ddirprwy Lefarydd. Hoffwn ddanfon dymuniadau gorau i’w Mawrhydu’r Frenhines. I, too, would like to send my best wishes to Her Majesty the Queen.
Today’s announcement shows beyond doubt whose side the new Prime Minister is on. She is prepared to force taxpayers to carry the burden of borrowing billions of pounds to subsidise the shareholders of energy companies that are profiting from Putin’s war. It is shocking that she cannot even tell us how much that burden will cost today. I urge her to think again. Make energy companies pay their fair share. The global energy norm of energy profit taxation is 70%. Norway stands at 78%. Why does the population of the UK have to suffer the combined yokes of higher taxes, worse public services and falling real wages while private profit is protected under her premiership?
We should use that money to return the energy price cap to the pre-April level of £1,277 a year and extend that cap to small businesses and charities. People are struggling now. Even at current prices, 180,000 households in Wales are forced to struggle even to afford items such as heating, food and toiletries. Bills of £2,500 are unaffordable for many, many people.
Anything short of £1,277 as a cap will fail to meet the scale of the crisis that we face. It will require the Prime Minister’s Government—this is important—to introduce additional packages of support for vulnerable households, including doubling the £650 cost of living payment and revising the eligibility criteria to include those on disability benefits who are currently excluded from support. That will cost us more in future if we do not deal with what is genuinely facing us. Instead of pursuing fantasy economics of rampant deregulation and tax cuts for the rich, the Prime Minister must also prioritise a reduction in energy demand and investment in low-carbon sources. That is the only way to bring down energy bills in the medium and long term.
Let me be clear and simple. It is time to unchain Wales’s renewable and low-carbon energy potential by vastly improving our grid capacity; bringing forward small modular reactors at Trawsfynydd in my constituency, Wylfa and other places; empowering the Welsh Government to deliver large-scale, transformative infrastructure projects, such as tidal lagoons; devolving management of the Crown Estate to Wales; and enabling community energy schemes to realise their full potential by selling their power directly to local customers. For us in Wales, it is clear that, in the long term, to fix this crisis for good, we must place our energy system and its huge potential in the hands of the people of Wales, for the benefit of the people of Wales.
