Monday 25th June 2018

(6 years, 5 months ago)

Commons Chamber
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Greg Clark Portrait Greg Clark
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The hon. Gentleman and I engage closely with the steel industry. In fact, the steel content of the proposed lagoon would have been about a third of a month’s output of the Port Talbot plant. He knows perfectly well that one of the challenges facing the steel industry in this country is energy prices. I would have thought that he would want to take steps to reduce the burden of energy costs on businesses such as the steel industry.

Bim Afolami Portrait Bim Afolami (Hitchin and Harpenden) (Con)
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As a member of the Public Accounts Committee, I can say that value for money is very important to the House and should always be, and I accept the Secretary of State’s assessment in this regard. However, will he confirm to and reassure the House that the Government are not giving up on marine energy or renewable energy, and set out further plans in due course?

Greg Clark Portrait Greg Clark
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I will indeed. We have an energy innovation fund that can bring forward new technologies, but when it comes to the point of mass deployment, they have to be value for money and show that consumers and taxpayers will not see increased bills as a result.