(3 weeks, 3 days ago)
Commons ChamberAt a time when the UK is increasingly dependent on and exposed to internationally traded LNG, does delaying the oil and gas price mechanism not risk reducing investment in domestic supply exactly when global markets are least stable?
I agree with my hon. Friend that driving to renewables and clean, home-grown power is crucial. I would also say, as I know she takes an interest in these things, that the North sea continues to play an important role in our energy mix and will do so for decades to come.
(8 months, 2 weeks ago)
Commons ChamberThe industrial strategy published last month set out our plans to build clean energy supply chains in the UK, including a new £1 billion fund through Great British Energy to partner with the private sector to create jobs in Britain and the new clean industry bonus, which has the potential to unleash billions of pounds of private investment in offshore wind supply chains. We are determined that the clean energy future will be made in Britain.
The power cables over the Tyne are a barrier to businesses securing work for large renewable energy structures, risking possible net GVA benefits of up to £1.2 billion. It has been proposed that the removal of the cables will be completed in 2032. Will the Secretary of State help me push for it to be brought forward so that Tyneside is not held back in the global race for green jobs?
First, I congratulate my hon. Friend on being such a brilliant champion of the port of Tyne and what it offers, and she is right to draw attention to this important issue. Approval of any works to reroute the line is a matter for Ofgem, but we stand ready to engage with her and, indeed, Ofgem to try to bring this forward. I suggest that my hon. Friend the Energy Minister meets her to discuss this important issue.