Speeches by Young.

“When we are looking at consumers and how they are then contributing to those massive upstream profits, is there anything that we can learn from what happened during the 2022 energy crisis that we could be applying to this one, so that consumers are not taking the hit? Equally, we do not need companies going out of busi…”

“This crisis is coming really soon after the crisis caused by the Ukraine war. Does it show that marginal pricing is a poor deal for UK energy consumers, or would you go back to the principles behind it and say that there are still benefits?”

“You have already made reference to looking at energy pricing and work being undertaken on the link between gas and electricity prices. Does that include preparing to make an emergency temporary change to how the system works if gas prices remain high?”

“I mean making temporary changes, so, rather than waiting until you have decided how to make a permanent change, doing something before that on a temporary basis.”

“Does this change your view on how quickly you can look at things like consumer-led flexibility? The argument being made by the industry is that it can be done much quicker than providing new infrastructure and so forth.”

“That was just for clarification, because there appeared to be a slight difference in what was being said. If I can move on to my actual questions, they are probably for you, Alan, at least to start with. Obviously, we know that during the 2022 energy crisis we saw generators make record profits, and we had suppliers co…”

“You talked about oil there, but if we think about gas, we saw home energy suppliers, for example, going bust.”

“I mean making temporary changes, so, rather than waiting until you have decided how to make a permanent change, doing something before that on a temporary basis.”

“When we are looking at consumers and how they are then contributing to those massive upstream profits, is there anything that we can learn from what happened during the 2022 energy crisis that we could be applying to this one, so that consumers are not taking the hit? Equally, we do not need companies going out of busi…”

“Finally, I asked a question earlier about the situation we had in the last crisis, where suppliers went bust and the costs ended up being recovered through all of our bills. What is being done at the moment to prevent those failures from happening this time around and, therefore, ultimately costing consumers money?”

“Just before I come on to my questions, can I clarify something, Elizabeth? Obviously, Alex was talking about accepting that, for the overall price of crude oil, whether we produce stuff domestically does not make any difference to the price; the issue is simply about the extra tax raised. You said that, when you are ta…”

“This crisis is coming really soon after the crisis caused by the Ukraine war. Does it show that marginal pricing is a poor deal for UK energy consumers, or would you go back to the principles behind it and say that there are still benefits?”

“That was just for clarification, because there appeared to be a slight difference in what was being said. If I can move on to my actual questions, they are probably for you, Alan, at least to start with. Obviously, we know that during the 2022 energy crisis we saw generators make record profits, and we had suppliers co…”

“Does this change your view on how quickly you can look at things like consumer-led flexibility? The argument being made by the industry is that it can be done much quicker than providing new infrastructure and so forth.”

“Just before I come on to my questions, can I clarify something, Elizabeth? Obviously, Alex was talking about accepting that, for the overall price of crude oil, whether we produce stuff domestically does not make any difference to the price; the issue is simply about the extra tax raised. You said that, when you are ta…”

“You talked about oil there, but if we think about gas, we saw home energy suppliers, for example, going bust.”

“Finally, I asked a question earlier about the situation we had in the last crisis, where suppliers went bust and the costs ended up being recovered through all of our bills. What is being done at the moment to prevent those failures from happening this time around and, therefore, ultimately costing consumers money?”

“When we are looking at consumers and how they are then contributing to those massive upstream profits, is there anything that we can learn from what happened during the 2022 energy crisis that we could be applying to this one, so that consumers are not taking the hit? Equally, we do not need companies going out of busi…”

“You have already made reference to looking at energy pricing and work being undertaken on the link between gas and electricity prices. Does that include preparing to make an emergency temporary change to how the system works if gas prices remain high?”

“I mean making temporary changes, so, rather than waiting until you have decided how to make a permanent change, doing something before that on a temporary basis.”