(4 months, 2 weeks ago)
Commons ChamberI am slightly disappointed but not surprised by the hon. Gentleman’s tone. I would have thought that the Scottish National party would welcome a publicly owned energy generation company located in Scotland—my counterpart in the Scottish Government certainly welcomed it. Let us be absolutely clear that it will be a generator of energy. That is what companies such as Ørsted and Statkraft do. They own power in this country, and we will do the same. These are complex questions, and we definitely need fairness across the United Kingdom when it comes to energy prices. That is what this Government endeavour to deliver.
I congratulate my right hon. Friend on his appointment and welcome him back to government.
My constituents, and indeed all our constituents, have suffered the worst cost of living crisis in generations, thanks to the Conservative party being in thrall to fossil fuel interests and failing to invest in renewables. Does the Secretary of State agree that we need a publicly owned domestic energy champion that can speed up our transition to green energy, reduce our reliance on volatile international gas markets and cut household bills at the same time?
My hon. Friend has been an incredibly eloquent advocate on these issues, including in the last Parliament. This is an important point for all parties in the House to reckon with. The energy insecurity case for action on clean energy is totally transformed from when I was Energy Secretary 15 years ago. Why? Partly because Russia’s invasion of Ukraine reminds us of what exposure can look like, but it is also because we have seen a 90% fall in the cost of solar and a 70% fall in the cost of offshore wind over the last decade. The old argument that this energy will save us money in the long term but might cost more in the short term has changed. This is the cheapest, cleanest form of energy we can access.