(3 days, 1 hour ago)
Commons ChamberMy 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.
Sir Ashley Fox (Bridgwater) (Con)
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?
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.
(1 month, 2 weeks ago)
Commons ChamberI will in a moment.
On the one hand, 60% of these people are working—and the Conservatives do not really want to explain why they want to cut help for those people. But let us discuss the 40% of households that are not working and will be impacted. What we are seeing here—I am old enough to remember—is a re-run of the last Tory Government and their attempt to blame the poor for their poverty. Leaving that aside, however, what the Conservatives are actually saying is, in truth, that they believe in punishing the children of people who are out of work and on benefits—
I have already given way to the hon. Gentleman. With Russia still at war in Ukraine, with deep tensions in the middle east, and with NATO being tested, this is ridiculous irresponsibility from the Conservatives. [Interruption.] The hon. Member for West Aberdeenshire and Kincardine (Andrew Bowie) should listen to this. We know that half our recessions since the 1970s have been caused by fossil fuel shocks, and the world is so much more unstable. Here is the worst thing of all: it was not the Conservatives’ energy bills that they were betting with; it was the British people’s. Families, business and the public finances are still paying the price of their failure, and there has not been a word of apology or contrition.
The right hon. Member for East Surrey now has to pretend that black is white, ignore the dangers, and claim that fossil fuels are cheaper, when actually strike prices for solar and onshore wind in last year’s auction were nearly 50% cheaper than the levelised cost estimate of building and operating a new gas plant. The truth is that the Conservatives have learned nothing and must never be let near the levers of power again. The difference between us is that we make fair choices; they would double down on unfair choices. We invest in the future; they would return us to austerity. We are building an economic future for the country; they would destroy the economic opportunities and security of the clean energy economy.
To conclude, this is a Budget that, despite the challenges, provides a clear direction of travel on the biggest issue of our time: the affordability crisis. This is a Budget that shows a Government who are acting on the No. 1 issue facing the British people. This is a Budget for fair choices, for investing in public services, and for creating a better economy. That is why this Budget deserves support in the Lobby tomorrow night.
(7 months, 1 week ago)
Commons ChamberThe SNP’s is an anti-jobs, anti-investment and anti-clean energy position, and SNP Members should be ashamed of themselves.
Sir Ashley Fox (Bridgwater) (Con)
During the last election campaign, the Secretary of State said he would cut energy bills by £300. Could he set out for families and small businesses in Bridgwater the timescale for fulfilling that promise?
We said we would cut energy bills by up to £300 by 2030, and that remains our commitment.