- 17/10/2022
- Posted by: Valerie Vaz MP
- Category: News
![](https://www.valerievazmp.co.uk/wp-content/uploads/2022/10/EnergyPricesBill-1110x550.png)
The Energy Prices Bill puts into legislation the mechanisms behind the energy price guarantee. The Bill had its Second Reading in the House on Monday 17 October 2022.
New Clause 3 would require the Secretary of State to produce a report that assesses the impact of reducing investment allowance for oil and gas companies from 80% to 5%. I voted to support this New Clause, which was not passed, Ayes: 227 and Noes: 302.
Amendment 2 would have allowed the domestic electricity price reduction scheme to begin from 8 September 2022. I voted to support this New Clause, which was not passed, Ayes: 229 and Noes: 303.
The next stage for the bill is its First reading in the House of Lords.