Oral Answers to Questions Debate
Full Debate: Read Full DebateBill Esterson
Main Page: Bill Esterson (Labour - Sefton Central)Department Debates - View all Bill Esterson's debates with the Department for Energy Security & Net Zero
(4 days, 13 hours ago)
Commons ChamberThe costs of new infrastructure are a pressure on bills, as the Secretary of State knows. He deserves enormous credit for the results of the allocation round 7 auction today, in which the strike price of renewables was less than half what it would have been with new gas. What is the approach to rolling out extra grid—and, indeed, maintaining the existing grid—which is so crucial to the plans, given that there is so much to make up for following the failure to invest over the many years since privatisation?
My hon. Friend is right to draw attention to this morning’s auction, which saw record amounts of solar power. It is the cheapest form of power that we could possibly have in this country, and it costs less than half the price of building and operating new gas. On the point about infrastructure, he is right that we inherited a terrible legacy, and we are building the new infrastructure that we need.