Petition Nationalise Energy Companies

The Government needs to take back ownership of strategic energy assets. It needs to accept that the Free Market has failed the energy sector, that it is in the national interest to renationalise our energy assets. The Government must therefore renationalise all the UK energy assets.

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People are already having to choose whether to heat or eat. Token gestures of mandatory loans & stripping local authorities of much needed monies to mitigate bulk cost increases, mismanagement of the energy sector & the whim of the market are not good enough. This country needs a 25 year strategic plan and needs to be guided away from unstable fossil fuel dependancy. The Government needs to own the energy assets in order to achieve this, tackle climate change & protect service users interests.

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Other parliamentary business

MPs investigate the impact of rising energy prices on consumers

MPs on the House of Commons Business, Energy and Industrial Strategy Committee have launched an inquiry into energy pricing and the future of the energy market. The inquiry is looking at how policy and regulation have contributed to rising energy prices. The inquiry is also examining the effect of price rises on consumers, and the operation of the energy price cap.

Find out more about the Committee's inquiry: https://committees.parliament.uk/work/1698/energy-pricing-and-the-future-of-the-energy-market/news/159559/energy-pricing-and-the-future-of-the-energy-market-inquiry-launched/

The Committee is considering the following issues:

  • Regulation of the energy market

  • The effectiveness of Ofgem as a regulator

  • The effectiveness of the 'energy price cap'

  • The costs to consumers when energy suppliers fail

Why has the Committee launched this inquiry?

The Committee’s inquiry on the retail energy market follows unprecedented increases in wholesale energy prices since the summer and with a number of firms going out of business, including Bulb, Britain’s seventh-biggest supplier with 1.6 million households as customers.

Keep up to date on the Committee's inquiry

Updates on the Business, Energy and Industrial Strategy Committee's inquiry into energy pricing and the future of the energy market marine mammals, including upcoming evidence sessions, will be published here: https://committees.parliament.uk/work/1698/energy-pricing-and-the-future-of-the-energy-market/

You can also follow the committee on Twitter for updates on its work: https://twitter.com/CommonsBEIS

What is the Business, Energy and Industrial Strategy Committee?

The Business, Energy and Industrial Strategy Committee is a cross-party group of MPs that look into the work of the Department for Business, Energy and Industrial Strategy and their associated public bodies.

Find out more about the committee on its website: https://committees.parliament.uk/committee/365/business-energy-and-industrial-strategy-committee/

The Business, Energy and Industrial Strategy Committee is a select committee. Find out how select committees work: https://www.youtube.com/watch?v=o_2RDuDs44c

Get involved in the work of the UK Parliament

Sign up to the Your UK Parliament newsletter for the latest information on how to get involved and make a difference: https://parliament.us16.list-manage.com/subscribe?u=3ad7e4c57a864f07e4db008c4&id=26d0645ea9

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