Energy Costs for Businesses

Debate between Lord Hunt of Kings Heath and Baroness Winterton of Doncaster

Tuesday 17th December 2024 Lords Chamber

[Lord Hunt of Kings Heath (Lab)]

My Lords, that is not how I recognise our energy policy. The noble Lord will have seen our action plan towards clean power, published at the end of last week, which sets out how we intend comprehensively to move towards clean power by 2030. I just say to the noble Lord that the highest price that businesses paid for electricity was in 2023, under the Government in which he was a member. What that shows is that, if we remain dependent on the volatility of international fossil-fuel prices, we will always be vulnerable to the kinds of spikes we have seen. That is why we need clean power and homegrown energy.

[Baroness Winterton of Doncaster (Lab)]

My Lords, the Clean Power 2030 Action Plan is clear, on page 81, that nuclear power has a role to play in achieving clean power by 2030. Will my noble friend the Minister give a little more detail on what the Government are doing to support the development of the technology around small modular reactors, so that they can eventually be built in this country, support British jobs and reduce costs for businesses?

[Lord Hunt of Kings Heath (Lab)]

My Lords, my noble friend is right to explore the contribution that nuclear will play in the lead up to 2030, but of course beyond, which is why we have the building of Hinkley Point C, then Sizewell C when we get to a financial investment decision next year, then the SMR programme and then the AMR programme. As far as small modular reactors are concerned, Great British Nuclear is conducting a technology exercise at the moment; it is in financial discussions with four of the companies concerned. We will come to the issue of spend and public support in the multiyear spending review that is taking place over the next few months.

Domestic Solar Panels

Debate between Lord Hunt of Kings Heath and Baroness Winterton of Doncaster

Monday 25th November 2024 Lords Chamber

[Lord Hunt of Kings Heath (Lab)]

I think the Lord will recollect that he asked me rather a lot of questions and, given that my winding-up speech was 20 minutes, with the best will in the world, I said that I would write to him. On the general principle, he knows that I have long shared his concern, particularly about Xinjiang province and the appalling use of the Uighurs. We understand those issues and are committed to tackling them. We have given guidance on the risk to business of trading in Xinjiang province, and we have pointed out the penalties for those who fail to report under the Modern Slavery Act. The noble Lord will find an invitation to meet in the next two days to discuss those issues.

[Baroness Winterton of Doncaster (Lab)]

My Lords, further to that point, does my noble friend the Minister agree that one of the keys to tackling this issue, especially in terms of exploitation in other countries, is to ensure that solar panels are built in this country and that our industrial strategy matches up with the energy strategy and Great British Energy to make that happen? Can he assure us that he is focused on that?

[Lord Hunt of Kings Heath (Lab)]

My Lords, that is a very interesting point put forward by my noble friend. One of the responsibilities of the Solar Taskforce is to look at the supply chain, and we will pick up the issue that she mentioned. It is also worth pointing out that if we look at where the content comes from in relation to placing solar panels on a roof, it is reckoned that 60% of the value of the work—including scaffolding and whatever else has to happen—is bought in this country.