North Sea Oil and Gas Industry Debate
Full Debate: Read Full DebateDepartment: Department for Business and Trade
Caroline Johnson
Main Page: Caroline Johnson (Conservative - Sleaford and North Hykeham)Department Debates - View all Caroline Johnson's debates with the Department for Business and Trade
North Sea Oil and Gas Industry
Caroline Johnson Excerpts(1 day, 22 hours ago)
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Michael Shanks
The hon. Lady rightly takes every opportunity to ask me about the range of energy issues in her constituency, and I thank her for that. We have concluded the small modular reactor programme that we inherited from the previous Government, with Rolls-Royce winning that competition. The future of nuclear will be taken forward with Hinkley Point C, Sizewell C and the future of the SMR programme, but also with private sector investment in the US-UK partnership, which will build it. The decision on where the SMRs will be is under consideration by my noble Friend, the Minister for nuclear, and we will have more to say about that in due course.
Dr Caroline Johnson (Sleaford and North Hykeham) (Con)
This Government like to tell people that growth is their first priority, but growth requires abundant and cheap energy. Does the Minister recognise that the only things they are growing by cutting the oil and gas industry are domestic prices, business prices and the number of job losses in the industry?
Michael Shanks
No, I do not. The clean power that we are trying to build will enable us to ensure that we remove gas as the price setter on our system. At present, gas sets the price 80% of the time, although it is often clean power that is powering the country. That is a problem that we have to end, so that all our constituents—but also businesses—benefit from cheaper power. The cheapest form of electricity that we can build at the moment is solar. I know that the hon. Lady objects to a number of those schemes in her own constituency, as she is perfectly entitled to do, but I would say to Conservative Members that if we want to build a power system that brings down bills, we have to support the infrastructure that goes with it.