Caroline Lucas
Main Page: Caroline Lucas (Green Party - Brighton, Pavilion)(12 years, 1 month ago)
Commons ChamberRead Full debate Read Hansard Text
Mr Hayes
Let me be crystal clear, because the right hon. Gentleman is right to inquire about this. There will be no levy, no direct payment and no market support for electricity supplied or capacity provided by a private sector new nuclear operator unless similar support is provided more widely for other types of generation. I could not be clearer than that.
Caroline Lucas (Brighton, Pavilion) (Green)
With respect, the Minister could be a lot clearer than that. A subsidy is still a subsidy even if it is given to other types of generation as well as nuclear.
According to recently published estimates, just the 16 GW of new nuclear capacity to be built by 2025 will require between £5.5 billion and £12.6 billion a year in finance. That is a huge cost to householders and businesses. Does the Minister agree with those figures, and will he admit that given the constraints of the levy cap, he faces a choice between breaching the renewables directive, breaching the Climate Change Act 2008 and abandoning his increasingly implausible plans for new nuclear build?
Mr Hayes
Nuclear power is a low-emission technology, and the hon. Lady should welcome it accordingly. She obviously regarded this week’s good news as bad news, but it is good news in terms of the supply chain—as my right hon. Friend the Secretary of State has said—it is good news for the British people, and it is good news for our energy mix and our energy security. I will not be influenced by the preoccupations of bourgeois-left academics; I will be inspired by the will of the people.