Offshore Wind Debate
Full Debate: Read Full DebateDepartment: Department for Energy Security & Net Zero
Claire Young
Main Page: Claire Young (Liberal Democrat - Thornbury and Yate)Department Debates - View all Claire Young's debates with the Department for Energy Security & Net Zero
(1 day, 11 hours ago)
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Ed Miliband
My hon. Friend speaks very well on these issues, and she is absolutely right to ask that question. The great thing about the clean industry bonus is that for the first time we are rewarding manufacturers for investing in Britain. It is going to leverage in multiple amounts more private investment compared with public investment, and I believe it can be of massive benefit to our coastal communities.
Claire Young (Thornbury and Yate) (LD)
I welcome the Secretary of State’s statement, but it is important that my constituents can feel the effect in their pockets. Does he accept that the biggest reason why people are not benefiting from cheap renewables is that electricity prices are still set by gas most of the time, and what steps is he taking to break that link, beyond simply building more renewables?
Ed Miliband
That is an incredibly important point, and the great thing about clean power 2030 is that it will mean gas sets the price much less of the time. With contracts for difference, the reduction in prices feeds through to bills.