ENERGY INTENSIVE MANUFACTURING INDUSTRY

That this House expresses concern that the competitiveness of the UK's energy intensive manufacturing sectors is now being jeopardised by uncompetitive prices being demanded by gas and electricity producers for future supplies, making the UK subsidiaries of multinational companies considerably more expensive than their European counterparts which will inevitably lead to extensive job losses in these sectors; and urges Ministers to act decisively and swiftly to restore confidence by developing strategies to utilise fully existing gas storage facilities during winter months, to develop additional storage and import facilities and to ensure fair access to Europe's energy markets so that the UK's energy intensive consumers are able to source energy at the same prices as their European competitors.