UK Gas Market Debate
Full Debate: Read Full DebateDepartment: Department for Business, Energy and Industrial Strategy
Bim Afolami
Main Page: Bim Afolami (Conservative - Hitchin and Harpenden)Department Debates - View all Bim Afolami's debates with the Department for Business, Energy and Industrial Strategy
(3 years, 3 months ago)
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Kwasi Kwarteng
I would say that our prices are very competitive. Offshore wind, for example, started off at about £150 per megawatt-hour, and at the last auction round it was £39 per megawatt-hour. We have seen the cost of renewables fall considerably over the past 10 years. As for CF Fertilisers, it would be premature of me to say exactly what the Government are going to do. A range of options are being considered, and I hope that the Government will be able to update the House shortly.
Bim Afolami (Hitchin and Harpenden) (Con)
How long does the Department expect these elevated global gas prices to remain at their current level? May I also press the Secretary of State a little on nuclear? I agree with him that it is an essential part of the energy mix, but in relation to large-scale nuclear, what are his plans beyond the one plant that has already been agreed?