(1 month ago)
Commons Chamber
Richard Tice (Boston and Skegness) (Reform)
Well, we are debating the carbon budget order, but I think we should rename it the job-destroying, industry-killing order, because that is essentially what net zero is doing. For the hon. Members who do not appreciate the economics of this, let us go on a little history lesson, shall we? Let us go back to the 20-year period between 1980 and 2000. Yes, our energy consumption increased by some 20%, and real GDP per capita—per person—increased every year by 3.2% per annum. Let me now take everyone forward to the last 20 years: our energy consumption has declined by about 15%, and guess what has happened to our GDP per person? Yes, it has collapsed to just 0.5% per annum. There is a direct link between the quantity of energy we consume—
Dr Ellie Chowns (North Herefordshire) (Green)
Will the hon. Member give way?
Richard Tice
The hon. Lady makes a very good point. The renewables sector keeps saying that it is going to reduce the bills, yet the bills are going up. Indeed, only recently an energy boss said that even if the price of gas went to zero—clearly, it is not going to, folks—our electricity bills at the next general election, assuming that is in 2029, will be even higher. Why? Because of all the increased policy costs, increased levies, increased constraint costs and beyond.
Dr Chowns
Does the hon. Gentleman not recognise the reality that the main factor that has driven up energy costs in the last few years has been Putin’s illegal invasion of Ukraine? Policy costs are a small proportion of energy prices and gas determines the electricity price, which is the—
Richard Tice
Oh dear, oh dear. How desperately sad it is that the hon. Lady does not appreciate that the wholesale price of electricity, which some claim is driven by gas, is about a third, so it is not the majority—a third is less than 50%.
The simple reality is that there is a direct causal link between the growth of renewable generating capacity in the last 20 years and the growth of our electricity prices to the highest in the western world. That is the reason that everybody is feeling so much poorer. It is as simple as that. All the advocates of the renewables industry cannot answer the question: when are the bills going to come down? The answer is: they are not going to. The Government can try to cheat by putting it into general taxation, but the simple fact is that, actually, costs are going to go up. We have heard, for example, that the cost of more contracts for difference is going to increase by £4 billion, £5 billion or £6 billion by 2030, and that the extra cost to the grid is going to increase by some £10 billion a year by 2030. Per household—which is how people will want to understand it—that equates to about £500 per year extra on the cost of living because of the costs of net zero. Everybody needs to understand that point, as they debate and vote on this issue.
As we look to the future, having explained the history and the economics to those who do not seem to understand, we hear that the Secretary of State for Energy—he is rather absent at the moment; where is he?—wants to get rid of all our wonderful tumble dryers. No, no, we can’t have tumble dryers in the brave new world of the Secretary of State for Energy! Then we hear that, through this carbon budget, the Government want us to reduce our dairy and meat consumption by some 20%. We have had enough of this. We should vote against this ridiculous motion and scrap net stupid zero.