(12 years, 10 months ago)
Commons ChamberThe Prime Minister and the Secretary of State chaired a summit with consumer groups on Monday to launch the “check, switch, insulate to save” campaign and a package of measures to help consumers this winter. We are working with consumer groups, energy suppliers and the regulator Ofgem to ensure that consumers know how to save money on their energy bills by checking on their energy deal, switching their supplier if appropriate and insulating their homes.
I do not know whether the Minister has had a chance to read a recent book entitled “Let Them Eat Carbon”, by Matthew Sinclair of the TaxPayers Alliance, but if he has he will have noted Citigroup’s estimate that this country will have to spend more on meeting environmental targets than Germany, France, Spain and Italy put together. Does he accept that when those costs are passed on they will result in even higher energy bills for consumers?
I have serious doubts about the information in that book about the relative costs, particularly compared with countries such as Germany. We have to deal with a legacy of a failure of investment over the past 13 years. Every year of this decade, we will have to secure investment in our energy infrastructure at twice the rate secured in the previous decade, which will entail a cost to consumers, who are picking up the tab for Labour’s failures.