Oral Answers to Questions Debate
Full Debate: Read Full DebateJeff Smith
Main Page: Jeff Smith (Labour - Manchester Withington)Department Debates - View all Jeff Smith's debates with the Department for Business, Energy and Industrial Strategy
(6 years, 3 months ago)
Commons ChamberIt is always necessary to have a diverse source of energy supplies, and nuclear has made and does make a big contribution to that: about 20% of our current electricity comes from nuclear. That is very important for households and businesses, including in Scotland. Every new project has to be assessed as value for money for the taxpayer and consumers and that will continue to be a criterion that will be rigorously imposed.
The hon. Gentleman will know, because there are more than 6,000 installations in Manchester alone, that the feed-in tariff scheme has been hugely successful in attracting investment in small-scale renewable electricity, delivering more than 800,000 installations across the country. Partly as a result of that scheme, costs of the technology have dropped dramatically, but also because of the success of the scheme, it became, as he will know, very unaffordable. I am very aware of the need to set out what the next stage of small-scale renewable investment looks like, and I look forward to doing so shortly.
Businesses are very aware of the need too. There are thousands of stakeholders in the renewables industry who need to understand the regulatory framework that they will be operating under when the feed-in tariff ends. The Government promised an update on the approach to small-scale renewables by the end of last year, but we have heard nothing. Will the Minister please tell us today when the feed-in tariff consultation will be published?
I share entirely the hon. Gentleman’s desire for us to get on with it. In fact, I have met many representatives of the sectors. We just have to get the scheme right. We must not create something that causes a bonanza for people who are gaming the system or that puts up bills for consumers. We are very aware of the need to provide certainty for investors, and I look forward to doing so soon.