Saudi East-West Oil Pipeline
Residents in my constituency, such as my constituent Rhys, have contacted me worried about the impact of this situation on their bills. He shopped around, has a renewable-only tariff, insulated his home and bought an electric car. Although he welcomes the VAT cut to electricity, he says that the recently announced increase in the cap and the one he is now expecting in January will more than wipe it out. He says that throwing money at consumers does not deal with the huge profits or change supplier behaviour. Will the Minister accelerate plans to fully and quickly decouple electricity prices from the wholesale price of gas?