Net Zero: Social Market Foundation Report

Lord Flight Excerpts
Monday 1st November 2021

(2 years, 5 months ago)

Lords Chamber
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Lord Greenhalgh Portrait Lord Greenhalgh (Con)
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My 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.

Lord Flight Portrait Lord Flight (Con)
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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?

Lord Greenhalgh Portrait Lord Greenhalgh (Con)
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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.