David Mowat
Main Page: David Mowat (Conservative - Warrington South)The hon. Gentleman is not listening if he thinks that I am saying that the market always knows best. I am saying that the Government have a responsibility, in the national interest, to set a framework that will deliver a low-carbon economy and energy security in what is likely to be an increasingly volatile and difficult world. In that context, having put the incentives in place, it is up to the market to deliver. We need to ensure that those incentives are adequate, and I assure him that I believe in the need for that overall framework.
Electricity in the UK—this is a legacy from the past 15 years—costs about 30% more than in France, where it is supplied by cheap nuclear. Is it a policy objective for us to fix that, and if so, under what time frame does the Secretary of State think that that will happen?
As the hon. Gentleman knows, the French began their energy commitment to nuclear power in the wake of the first oil shock of 1973-74, so the subsequent period encompasses an awful lot of Governments of different persuasions. We are attempting to move as quickly as possible to a situation whereby we, too, can have highly affordable electricity that is relatively robust and resilient to the sort of shocks that we are likely to see across the world economy.