Dominic Raab
Main Page: Dominic Raab (Conservative - Esher and Walton)(11 years, 5 months ago)
Commons ChamberI will tell the hon. Gentleman what is not fair: scaremongering about the green deal, particularly when that puts off vulnerable people who would otherwise have no access to affordable finance. [Interruption.] The hon. Gentleman can scoff at 7%, but he should compare that to any other form of unsecured lending that is available to people on low wages or the minimum wage. How many people on low incomes, or people who are not lucky enough to be a home owner, can access interest rates like that? He might be a smart home owner himself, but he should think about those who do not have the same opportunities. This actually represents a really good deal.
5. What steps he is taking to reduce energy bills.
11. What steps he is taking to help households with their energy bills.
We have a range of initiatives to help people with their energy bills, including tariff reforms, energy saving programmes, and additional help for those on the lowest incomes. From our proposals to help get consumers on the cheapest tariffs to the green deal, from the warm home discount to our promotion of collective switching, this Government are working to help people keep their energy bills down.
I thank the Secretary of State for that answer. However, supply is also crucial. Ofgem forecasts that UK spare electricity capacity will slump to 4% by 2015, and that highlights the acute need to get more nuclear power on stream. May I urge him to strain every sinew to finalise the right deal with EDF to build a new nuclear power station at Hinkley Point?
I assure my hon. Friend that we are straining every sinew in the negotiations with EDF. He will recognise that I cannot be more explicit than that given that they are commercial negotiations. I will say, though, that we take energy security very seriously and listen to Ofgem, National Grid and others. However, we do not imagine that new nuclear power will assist in the rest of this decade, because new nuclear power stations take such a long time to build.