Offshore Wind

Ashley Fox Excerpts
Wednesday 14th January 2026

(1 day, 19 hours ago)

Commons Chamber
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Ed Miliband Portrait Ed Miliband
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My hon. Friend makes an important point. Battery storage and long-duration storage, for example, are things that we are working on as a Department, as is Ofgem—they are crucial parts of the jigsaw.

Ashley Fox Portrait Sir Ashley Fox (Bridgwater) (Con)
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The Secretary of State is going to pay a floating wind farm £216 per megawatt-hour. Can he explain how that will lower fuel prices for my constituents?

Ed Miliband Portrait Ed Miliband
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This is about an innovative technology. The hon. Member is right that it is expensive at the moment, but the experience we had with offshore wind, onshore wind and solar was that by investing in it at the front end, we then lowered the price through deployment, and that is what has meant it is a cheaper technology. We are supporting floating wind, and we think that is the right thing to do. It is a crucial next frontier when it comes to the offshore wind industry.