Damian Hinds
Main Page: Damian Hinds (Conservative - East Hampshire)
Gregory Barker
Yes. I think the right hon. Lady will find there a strong welcome from social housing for the proposals we have set out. We are increasing the level of aggregated tariff from 80% to 90%. As the costs come down, it becomes affordable for all consumers to support the roll-out of solar PV on social housing and other mixed-tenure low-income homes. The scheme can now be rolled out at real scale, unlike the cottage-industry, not-fit-for-purpose scheme that we inherited from Labour.
Damian Hinds (East Hampshire) (Con)
For PV businesses in East Hampshire, what message does today’s announcement give in terms of investment predictability and the sustainability of the sector? What are its growth prospects compared with what was envisaged by the former Energy and Climate Change Secretary, who now leads the Opposition?
Gregory Barker
The growth prospects are very strong. There is now real visibility, not just for the next few months or until the next political review. Industry and investors alike can plan for the long term with real confidence, because there is no end date on the scheme. There is no sell-by date for the formula we have established; it is an enduring, long-term scheme—certainly much better than the appalling car crash of a scheme that we inherited from Labour. People can invest with certainty and the predictability of reasonable, sensible returns.