Chris Challenges Secretary of State On Bargain Basement Price Energy Cost
Christopher Chope Conservative, Christchurch
How are the figures that the Secretary of State has announced today compatible with the Climate Change Committee’s seventh carbon budget last year, which said that the cost of offshore wind at 2023 prices would be £37.80 per megawatt-hour in 2035? He has just announced £90.91 per megawatt-hour, so how can that be a bargain basement price? Is this not a rip-off of the consumer, who will now face extortionate energy prices for at least 20 further years?
Ed Miliband The Secretary of State for Energy Security and Net Zero
No, I do not agree. The hon. Gentleman, in all seriousness, should look at the need to build new energy generation in this country—we are going to have a 50% rise in electricity demand by 2035, and we have to build something. If he wants to build a whole fleet of new gas-fired power stations, he can decide to do that, but the figures we have published today show the costs of that, and those power stations would be more expensive to build and operate than the offshore wind that we have announced today.
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