Mary Creagh
Main Page: Mary Creagh (Labour - Coventry East)I do not share the hon. Gentleman’s interpretation. In fact, we have seen increased investment this year in solar and other renewables. We have changed the subsidies on solar, so solar will go forward only where it is well sited and makes a good return for the investors. That is what we have to do as a Government, because we want to strike a balance between supporting renewables and managing consumers’ bills.
Investors in low-carbon energy need clarity and confidence about the energy strategy for the next decade and beyond. The Chancellor could have provided that clarity by setting out the funding in the levy control framework beyond 2020 in last week’s Budget, as 15 of his Conservative colleagues reportedly urged him to do. Does the Secretary of State agree with them that he should have done that, as it would have improved confidence in low-carbon energy?
The hon. Lady will be aware that what the Chancellor did set out in the Budget was certainty on the amount and timing of contracts for difference, which was very welcome for the investment community. There will be further announcements on the levy control framework, but let us bear in mind that the LCF was the first of its kind and that it runs until 2020-21. We have said that we will set out how much will be available in future, but for now the hon. Lady will just have to be a little more patient.