Oral Answers to Questions
Debate between Miatta Fahnbulleh and Shaun Davies(3 weeks ago)
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Shaun Davies (Telford) (Lab)
The Parliamentary Under-Secretary of State for Energy Security and Net Zero (Miatta Fahnbulleh)
We know that the cost of energy is a huge challenge to businesses across the country. That is why our mission to deliver clean power by 2030 is so important: that is how we will get bills down for good. While we try to get there, we are taking action to support businesses, including through the new British industrial competitiveness scheme, which will reduce electricity costs by around 20% to 25% for more than 7,000 businesses.
Shaun Davies
When the Government help businesses reduce energy costs, including by aiding their transition, businesses such as the pubs and cafés in Dawley, Madeley and Oakengates and manufacturers on Stafford Park and Halesfield can then protect and create jobs and pass on savings to customers. Will the Government back those businesses and ask the energy giants, which continue to make tens of billions of pounds of profit, to pay for it?
Miatta Fahnbulleh
My hon. Friend is completely right to stress the challenges faced by businesses. The Government are committed to backing businesses. We are working with the regulator to make sure that the system is fair for everyone and, as is set out in our industrial strategy, from 2027 the new British industrial competitiveness scheme will reduce electricity costs by up to £40 per megawatt-hour, which will benefit thousands of electricity-intensive industries, including the ones in his constituency. We are very clear that we are backing businesses, and we will do everything we can to support them in driving down bills.
Oral Answers to Questions
Debate between Miatta Fahnbulleh and Shaun Davies(8 months, 3 weeks ago)
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Miatta Fahnbulleh
Let me assure the hon. Member that we are hitting the ground running with home insulations. We are rolling out our warm homes local grant and our warm homes social housing fund, to target people this winter—this year—because we need to deliver the biggest ever upgrade.
Shaun Davies (Telford) (Lab)
The Parliamentary Under-Secretary of State for Energy Security and Net Zero (Miatta Fahnbulleh)
As the first step towards the warm homes plan, we have committed an initial £3.4 billion. That includes £1 billion towards public sector decarbonisation, because we know that we have to ensure that our schools and hospitals reduce their energy bills.
Shaun Davies
Decarbonising the public sector is good for our net zero target, but it also releases money for more teachers, nurses and street cleaners, so that savings benefit our communities rather than energy giants. Schools across Telford are crying out for that investment. Will the Minister do all she can to decarbonise the public sector in the years to come?
Miatta Fahnbulleh
I completely agree; decarbonising our public sector will not only reduce emissions but lower bills. We estimate that the £1 billion that we have allocated to public sector decarbonisation will reduce bills by about £40 million per year. That is a big step forward, but there is more work to do.