Great British Energy Bill

Debate between Polly Billington and Claire Coutinho

2nd reading
Thursday 5th September 2024 Commons Chamber

[Claire Coutinho]

This is really important, because we are talking about taxpayers’ money. Those were small-time projects with budgets in the tens of millions, but the Secretary of State is asking for a budget of billions of pounds with no plans. He mentioned a couple of companies in his speech, including EDF, which made a loss of €17 billion in 2022, and Ørsted, which made a loss of €2.7 billion in 2023, so I think it is right that we ask some of these questions.

[Ms Polly Billington (East Thanet) (Lab)]

The right hon. Lady mentions Robin Hood Energy and other local energy companies that were in fact supply companies. We are talking about a Great British Energy company that will be generating energy. She simply does not understand that. She is making a mistake about our plans, and failing to understand what is actually going on. She is suggesting that something is going to happen that is not going to happen.

[Claire Coutinho]

If the hon. Lady would bravely like to say that the company will generate energy, I am sure that she would like to tell us how much, because no one else seems able to.