Powering Up Britain

Debate between Jake Berry and Graham Stuart

Thursday 30th March 2023 Commons Chamber

[Graham Stuart]

I have set out our position on onshore wind. The great thing about the CfD system we have set up is that it has helped to reveal costs. Ground-mounted solar might actually prove to be the lowest cost generator, but thanks to the system this Government have set up, we have competition between the various types of energy, and we are continuing with that. Having led the world on offshore wind and transformed the parlous situation we inherited, with just 7% of electricity coming from renewables in 2010, I am delighted to say that wind, both onshore and offshore, has a brilliant future under this Conservative Government.

[Sir Jake Berry (Rossendale and Darwen) (Con)]

I draw the House’s attention to my entry in the Register of Members’ Financial Interests.

I am sure the Minister will have read reports this morning that his Department intends to bring forward a code that will initially be voluntary but will then become mandatory saying that mortgage lenders should ensure that their loan book only includes properties that have an energy performance certificate of C or above. Does the Minister accept that for those who live in an older property, a doer-upper, a national park or a listed property, the net effect of this policy is that they will have zero chance of a mortgage?

[Graham Stuart]

No policy decision has been made in this area. We have consulted and gone out and found ideas about the best way of doing this. My right hon. Friend is right to identify that any system needs to take account of the particularities of certain property types, and we will ensure we do that so that we both align with net zero and align with the reality of existing properties.