My hon. Friend is absolutely right that it was the Conservatives who set up the Wigley commission, which came up with the original scoping ideas for the green investment bank. In practice, it has been terrific. It has invested £30 million in the Wakefield waste project, £46 million in the Walney offshore wind farm and £57 million in Rhyl Flats. It is supporting the new industrial energy efficiency programmes and, of course, has put a significant slice of debt into the Green Deal Finance Company that will allow green deal finance to flow.
The Minister has made much of the 40,000 assessments that have taken place, but it is my understanding that only four people have signed up for the green deal. How many installations will there be in the year ahead?
The hon. Lady must understand that this is a 20-year programme, not some knee-jerk reaction. I know that the Labour party is heavily invested in failure and is made up of a series of doom-mongers who are never happier than when they are talking down the green economy. I have much greater faith in SMEs to deliver a transformational green economy than they do.
The hon. Gentleman makes a very good point. I have visited the site in Sheffield and it is a beacon of what can be done and of the benefit that we can get from such assets. We want to see a big expansion in CHP, not forgetting the hierarchy that means that before considering energy from waste, we should prevent, reuse, recycle and recover. We think CHP has a big future and will bring forward further proposals to encourage it.
9. What recent representations he has received on his decision to reduce the feed-in tariff for solar PV.
I met 25 stakeholders when the FITs consultation was launched on 9 February and I intend to meet them again on 27 March. As of 5 March, we have received 18 written responses to the consultation on the solar PV cost control mechanism and six to the consultation on non-PV technologies and scheme administration issues.
I thank the Minister for that answer, but small companies in my constituency are still contacting me about the chaos over the ending of the feed-in tariff scheme and they want to know what the Minister will do to listen to their comments and to work with small businesses as well as some of the larger stakeholders to find the way forward.
We are determined to support CHP, which we see as having an important future in our energy mix. As announced in last year’s Budget, the Chancellor will set out how CHP will be treated under the carbon price floor in the Budget this month. That will form part of our wider strategic aim of reducing emissions in industry, which we will explore further through our forthcoming heat strategy.
T7. I have previously raised in the Chamber the number of people who are on prepayment arrangements and expensive tariffs. The Minister assured me that that would be monitored. May we have an update on how many people have now switched to direct debits?
More information is coming in on that all the time. I had a meeting with Ofgem and suppliers recently. I am keen to harvest that information and I am happy to share it with the hon. Lady and the rest of the House as soon as more becomes available.