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Market failure and energy supply

EDM (Early Day Motion) 462: tabled on 20 September 2021

Tabled in the 2021-22 session.

This motion has been signed by 28 Members. It has not yet had any amendments submitted.

Motion text

That this House notes with concern Ofgem's announcement of the £153 energy price cap rise due to take effect on 1 October 2021; further notes the rise will coincide with the end to the universal credit uplift and end to the Coronavirus Job Retention Scheme; regrets that these measures combined will further force 1.28 million more of those on low incomes into poverty; recognises that the energy and energy network companies’ ability to realise significant profits from consumer bills since privatisation is evidence of a broken market; further recognises the pursual of fire and rehire tactics in private energy providers in the past year; acknowledges public support for public ownership in the energy system; believes that increased regulation and public ownership of private energy provision can deliver better investment in infrastructure, a faster switch to renewable energy, better staffing terms and conditions, and lower consumer bills; and further believes that public financial support for energy providers should come with clear conditions, including restrictions on elements of the private operating model such as dividend payments, excessive CEO remuneration, and with the option of public provision in the energy sector.

The first 6 Members who have signed to support the motion are the sponsors. The primary sponsor is generally the person who tabled the motion and has responsibility for it. The date shown is when the Member signed the motion.

In addition to the sponsors, the following Members have signed to support the motion.

Burgon, Richard
Labour
Signed on 20 September 2021
Leeds East
Osborne, Kate
Labour
Signed on 20 September 2021
Jarrow
Shannon, Jim
Democratic Unionist Party
Signed on 21 September 2021
Strangford
Barker, Paula
Labour
Signed on 21 September 2021
Liverpool, Wavertree
Edwards, Jonathan
Independent
Signed on 22 September 2021
Carmarthen East and Dinefwr
Mishra, Navendu
Labour
Signed on 21 September 2021
Stockport
Johnson, Kim
Labour
Signed on 21 September 2021
Liverpool, Riverside
Corbyn, Jeremy
Independent
Signed on 21 September 2021
Islington North
Begum, Apsana
Labour
Signed on 22 September 2021
Poplar and Limehouse
Mearns, Ian
Labour
Signed on 22 September 2021
Gateshead
McDonnell, John
Labour
Signed on 22 September 2021
Hayes and Harlington
Long Bailey, Rebecca
Labour
Signed on 22 September 2021
Salford and Eccles
Gwynne, Andrew
Labour
Signed on 22 September 2021
Denton and Reddish
Lloyd, Tony
Labour
Signed on 22 September 2021
Rochdale
Lucas, Caroline
Green Party
Signed on 23 September 2021
Brighton, Pavilion
Abbott, Ms Diane
Labour
Signed on 23 September 2021
Hackney North and Stoke Newington
Nichols, Charlotte
Labour
Signed on 23 September 2021
Warrington North
Stephens, Chris
Scottish National Party
Signed on 23 September 2021
Glasgow South West
Hobhouse, Wera
Liberal Democrat
Signed on 18 October 2021
Bath
Lake, Ben
Plaid Cymru
Signed on 18 October 2021
Ceredigion
Saville Roberts, Liz
Plaid Cymru
Signed on 18 October 2021
Dwyfor Meirionnydd
Williams, Hywel
Plaid Cymru
Signed on 18 October 2021
Arfon

There are no withdrawn signatures for this motion.