Energy Security Strategy
Debate between Kwasi Kwarteng and Philip Dunne(2 years, 7 months ago)
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Kwasi Kwarteng
I have been very clear. The hon. Lady is right to mention 2019: in October 2019 I was responsible—as was my right hon. Friend the Member for South Northamptonshire (Dame Andrea Leadsom), who was Secretary of State at the time—for announcing the moratorium. The facts about the wholesale price have changed: it is 10 times higher than at the end of 2019. I think that it is perfectly right to look at the resources that we have in our country to see whether we can use gas here for greater energy security.
Philip Dunne (Ludlow) (Con)
May I build on the excellent question from my right hon. Friend the Member for South Holland and The Deepings (Sir John Hayes), with which I agree? The Secretary of State has included in his medium and long-term strategy the ambition to raise solar power from 14 GW to 70 GW, which would obviously make an enormous contribution to renewable energy generation. Will he follow up the excellent work that he undertook with the Treasury to remove VAT on solar panel installation and also press for VAT to be removed from electricity storage for battery walls and similar products in domestic homes?
Kwasi Kwarteng
My right hon. Friend will appreciate that tax issues specifically are not in my portfolio, but I speak to the Chancellor of the Exchequer all the time about how we can incentivise investment in new, exciting green technologies. That is something that we are very pleased to do.