Prepayment Meters: Pricing Debate
Full Debate: Read Full DebateBaroness Jones of Moulsecoomb
Main Page: Baroness Jones of Moulsecoomb (Green Party - Life peer)Department Debates - View all Baroness Jones of Moulsecoomb's debates with the Department for Business, Energy and Industrial Strategy
(1 year, 10 months ago)
Lords ChamberThe answer to the noble Lord’s question is the massive programme of support we have put in place, which amounts to about £60 billion of direct payment support. Had we not put these measures in place, the average unit cost would have been about £6,000 per year; now it is down to an average of £2,500 per year. I emphasise that that is not a maximum but an average of the unit costs of energy that are capped under the price guarantee.
My Lords, is the Minister aware that renewable energy is nine times cheaper than fossil fuel energy? If there were not an anti-science coalition in the Conservative Party—including previous Prime Minister Cameron, who said to cut the green “stuff”—bills would not be as high and we would not be in this mess now.
Happily, on this matter I can partly agree with the noble Baroness, which will shock her. Some renewables are considerably cheaper than gas- fired generation, although it varies—we are experiencing a price spike in gas at the moment. That is one of the reasons why we have in place the largest programme of offshore wind in Europe; we have the second-highest level in the world, and it is something we want to ramp up greatly, to 50 gigawatts by 2030, because at the moment it is the cheapest form of generation.