Fuel Poverty (Wales)
Debate between Paul Flynn and Linda Riordan(11 years, 9 months ago)
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Paul Flynn
Fuel poverty is about the cost of the fuel. I am sure that there will be great cheers in the main Chamber tomorrow if we hear the expected announcement that the price of petrol and diesel will be frozen—[Interruption.] Hon. Members will be cheering and it will be welcomed. The consequence, however, is that fuel will be cheaper, so there will greater congestion, more pollution and more accidents. The more the price of fuel goes down, the more unnecessary journeys are made. We have less congestion now, fewer accidents and less pollution. Many people—almost half the population—are directly involved in that, but everyone is involved in paying for gas and electricity. They should be the first consideration, but there is no attempt to freeze those prices.
An extraordinary deal is on offer. We have seen fuel prices drop in the US. We are, however, in a position whereby Centrica, E.ON and RWE—all of them—have left the proposed deal, so the only people in the negotiations at the moment are Électricité de France, which has a €33 billion debt. If it was not nationalised, it would be bankrupt. It wishes to do a deal in the short term in which British taxpayers pay it £30 billion in subsidy. According to Tom Burke, an expert in nuclear power, the subsidy will be £150 billion over 35 years, and a Liberal Democrat spokesperson today suggested that it would be £99 billion. That is from a coalition that said that there would be no subsidy on nuclear power. We will be told the result only when it has been negotiated, but the deal will burden those in fuel poverty for 35 years. We are betting for that period. Who will benefit? Not British industry, but French industry, so the advantages will go there.
The Government seem to be hellbent on producing fuel that will be increasingly dear. Fuel poverty will not go away if we irresponsibly decide on the dearest means of producing energy in the world. If hon. Members want another example of that, they can look at the two other Électricité de France new nuclear power stations at Flamanville and in Finland. One is four years late and the other is six years late; one is €5 billion over budget and the other is €7 billion over budget. Who can suggest that the one at Hinkley Point is going to be any different? It will cause anxiety throughout the area, because every 10 years we have a nuclear disaster, and there is likely to be another one, either due to terrorism, an accident or—