Suella Braverman
Main Page: Suella Braverman (Conservative - Fareham and Waterlooville)(9 years, 1 month ago)
Commons ChamberIt is disappointing that, when talking about clean energy and low carbon, the hon. Lady failed to mention yesterday’s announcement. We are the first large developed country to announce a date for taking off coal. That is a great achievement and it is important as part of our future low carbon emissions. Our plan is for a green economy. We are continuing to develop jobs as well as support manufacturing and industry. I am proud of the direction we are taking.
2. What assessment she has made of the effect of recent trends in wholesale energy prices on household bills.
16. What assessment she has made of progress by the major energy suppliers on reflecting wholesale gas prices in consumer bills.
Lower wholesale gas and electricity costs have contributed to the price of fixed-rate dual fuel tariffs falling by £100 compared with last year. Average domestic gas prices have reduced by 6.5% since the start of this year. All the major energy suppliers have reduced their standard gas tariffs at least once this year. The Government expect suppliers to make sure any reductions in the costs of supplying energy are passed on to consumers.
In order to keep household bills down, it is vital that we invest in energy infrastructure. Does the Secretary of State agree that the proposed IFA2 interconnector station at the Daedalus airfield in Gosport, which will connect to Chilling in Fareham and provide a second electricity link between Britain and France, is a welcome development that will make a positive contribution to affordability and sustainability?
My hon. Friend is right to say that interconnection can bring important, significant benefits to consumers by enabling access to cheaper electricity overseas, lowering household bills and supporting security of supply. The IFA2 project, along with others involving France, Norway, Belgium, Denmark and Ireland, is progressing through Ofgem’s regulatory regime, which is designed to bring forward interconnector investment in the consumer interest.