(12 years, 10 months ago)
Commons Chamber8. What plans he has to support investment by small and medium-sized enterprises in energy efficiency schemes.
There are a number of Government policies that support small and medium-sized enterprises. The green deal, for example, will be available to SMEs when it is launched next year. It will enable them to improve the energy efficiency of their properties, thereby reducing carbon emissions and energy costs. The green deal will also drive demand for energy efficiency products and services, from which SMEs will be able to benefit.
Ormiston Wire in Isleworth has previously won the Queen’s award for sustainable development, and has a wealth of experience in wind turbines, solar panels and energy-efficient lighting. Will the Government ensure that SMEs such as Ormiston Wire are represented in the discussions on the green deal, to ensure that SMEs are given real support for any energy-efficient schemes?
I am delighted to hear from my hon. Friend of the steps that Ormiston Wire has taken; they are typical of the measures that many companies have taken. The green deal is a way of encouraging SMEs to put in place energy efficiency measures, and I am glad to see that they are taking advantage of that. The feed-in tariff regime will also encourage them to look at microgeneration.
(13 years, 6 months ago)
Commons Chamber9. What assessment he has made of the potential effects of his proposed electricity market reforms on the ability of the UK to attract investment in low-carbon generation.
We estimate that by 2020, the cumulative investment needed in electricity generation, transmission and distribution will be in excess of £100 billion. We believe that the policies set out in our consultation on electricity market reform will deliver this investment and the further investment needed to meet our longer-term targets, making the UK a prime location for low-carbon energy development.
I am delighted that the Department of Energy and Climate Change and the Treasury have joined forces to launch the electricity market reform project. How will those proposals build the necessary confidence to invest in low-carbon options over the long term and manage the transition period to ensure that stability is maintained?
My hon. Friend is absolutely right to pick up one crucial element of our reforms. We must remove uncertainty, because that is one of the biggest threats to investment. We therefore propose that the current regime run alongside the new regime for a period of years, giving people a choice of which system they work to. We believe that that deals with the transitional challenges.