UK Nuclear Energy Programme

Debate between Cheryl Gillan and Ed Davey

Monday 21st October 2013 Commons Chamber

[Mr Davey]

We have started that process by our announcement today. I am not sure what strike price the hon. Lady and the hon. Member for Rutherglen and Hamilton West (Tom Greatrex) mentioned in the Bill Committee proceedings, but few people thought we would achieve the strike price we did. What she fails to mention is that because we have gone through the investment contract—the contract for difference—we have protected the consumer yet again. If the wholesale price is above the strike price, the generators have to pay back to the consumer—yet another protection for the consumer.

[Mrs Cheryl Gillan (Chesham and Amersham) (Con)]

May I congratulate the Secretary of State on reaching this point, because I know it has been a long and difficult road? He will know that a lot of our nuclear capability lies in north Wales, with Wylfa and the decommissioning of Trawsfynydd. I am particularly concerned that the future of Wylfa is secured. Does he agree that this deal paves the way for a deal on Wylfa? Will he assure me that he will do everything he can to speed up the route for a successful new build at Wylfa?

[Mr Davey]

I can reassure my right hon. Friend, who championed the case for Wylfa when she was Secretary of State for Wales, that we are on the case. I know that Hitachi, is keen to make progress on that, and it and others will be cheered by today’s announcement. They know that the Government are leading the way, taking the tough decisions and developing the most attractive market in the world for new nuclear.