Net Zero: Social Market Foundation Report Debate
Full Debate: Read Full DebateLord Flight
Main Page: Lord Flight (Conservative - Life peer)Department Debates - View all Lord Flight's debates with the Ministry of Housing, Communities and Local Government
(3 years ago)
Lords ChamberMy Lords, we recognise that there are considerable challenges in decarbonising our homes. I made a commitment that we will work together to help housing associations address those challenges.
My Lords, by how much is it estimated that the cost of energy will increase for identified UK user groups as the result of achieving net zero?
Price and bill impact will depend on electricity market developments and consumption patterns. Policies that improve energy efficiency of homes will reduce bills and benefit fuel-poor households. My noble friend will be pleased to know that we expect wholesale prices under a renewable-based electricity system to be lower than our current one, which is based on fossil fuels.