Biomass Generation

Joe Morris Excerpts

Monday 10th February 2025 Commons Chamber

[Michael Shanks]

The right hon. Gentleman will not draw me into the ongoing competition on small modular reactors, but he has made the case for his preferred company.

Last week, the Prime Minister announced that we have a new commitment to reviewing the 2011 planning statement so that we can have much more new nuclear across the UK. That is particularly important because previously there were only eight designated sites. Small modular reactors, of course, open up possibilities right across the country, and we want to see much more of that. We are moving as fast as possible to make sure these reactors are under way, and I hope that we can move at such a speed that the Scottish Government will change their objection to having small modular reactors in Scotland.

[Joe Morris (Hexham) (Lab)]

The news of a windfall tax on Drax was welcomed by people across my constituency. Will the Minister assure me that this will be the end of grotesque profits going to Drax at the expense of the taxpayer?

[Michael Shanks]

I can give my hon. Friend that assurance. We have significantly reduced the ability of Drax to make profits, but we have also ensured that if there are excess profits, they are clawed back on behalf of the British people. The additional rates of 30% and 60% in the mechanism that we have designed will ensure that any unexpected profits are clawed back. That was not the case under the eight previous Energy Ministers in the previous Government who signed off deals on Drax year after year. This is a new way of operating that protects our energy security, as well as protecting the hard-working people of this country.