Lord Goldsmith of Richmond Park
Main Page: Lord Goldsmith of Richmond Park (Conservative - Life peer)
Gregory Barker
The people who got it wrong were the people in the Labour party who were in government and created this programme. They know full well that the model was fundamentally not fit for purpose. The hon. Lady and her Front-Bench colleague, the hon. Member for Hackney South and Shoreditch (Meg Hillier), decline to name a figure, but how much more money would they pump into a scheme that would be paid for from people’s bills?
If we had left the scheme unreformed, more than £3 billion would have been added to the cost in the form of high subsidies. We are committed to rolling out solar energy, which is a dynamic technology of the future, but we must do it responsibly. We cannot do it by providing the open-cheque subsidies that would be encouraged by the irresponsible attitude of Opposition Front-Benchers.
Zac Goldsmith (Richmond Park) (Con)
8. What recent assessment he has made of the potential contribution of demand-side measures to electricity market reform.
The Minister of State, Department of Energy and Climate Change (Gregory Barker)
Demand-side measures have huge potential to help us to reduce emissions and cut costs. The coalition’s green deal will be the most ambitious demand-side programme since the second world war, but we must go even further. Our proposals for energy market reform will drive radical new ways of reducing demand on an industrial scale, and will allow demand reduction measures to compete on an equal footing with new generation for the first time.
Zac Goldsmith
I am hugely encouraged by the Minister’s answer. Will he bring forward detailed proposals on how energy efficiency will be supported by the EMR? Knowing, as he does, the importance of EMR and of public finance, emissions reductions and energy security, will he commit himself to pressing for the maximum possible ambition?
Gregory Barker
I can assure my hon. Friend, who is an expert on these matters, that there will be the maximum possible ambition in the EMR documents that we will publish next week, but there is much more work to be done. We will need to consult the industry. Demand reduction is not like alternative forms of energy generation. We are creating a new model, and different types of indices and accounting will be necessary. We will need a robust system of measurement as well as the market mechanism. I have absolutely no doubt that we can crack it, and I can assure my hon. Friend of our ambition and determination to do so.