1. Whether he has had discussions with the Chancellor of the Exchequer on global taxes on oil and gas companies in the context of the proposed UN framework convention on international tax co-operation.
This is a matter for the Treasury, although we remain closely engaged. The UN framework convention is focused on improving effective and inclusive international tax co-operation, not on creating specific global taxes on oil and gas companies.
The combined market value of the six big oil super-majors has soared by more than $130 billion since the first US-Israeli attack on Iran, while my constituents and those across the country face higher bills. Will the Energy Secretary and the Government work with international partners to establish global taxes on the fossil fuel industry through the UN tax convention and help bill payers with their energy costs?
As I said, this is a matter for the Treasury, but we look closely at where we can co-operate around the world. This country’s windfall tax has raised £12 billion, funding public services and supporting the hon. Gentleman’s constituents and many others with the cost of living. We will continue to invest in bringing down bills, but we will also invest in the infrastructure that gets us off fossil fuels.
We are delivering the biggest upgrade to the grid since the 1960s, using strategic plans to identify where new capacity is needed and accelerating infrastructure build. In west London, network operators have used innovative measures to help new developments to connect, despite exceptionally high growth in electricity demand.
I thank the Minister for that response. As well as grid capacity for much-needed new homes and infrastructure such as Hillingdon hospital, capacity is needed in west London for the large number of data centres being proposed at a regional level. What actions are being taken to strategically co-ordinate those demands and, crucially, to secure local benefits such as jobs and heat capture to lower household bills? Those things are present in the local planning system in Hillingdon, but are not being secured.
My hon. Friend is right that strategic infrastructure planning is crucial, which is why we are engaging in the first ever national strategic spatial energy plan, which will lead to a centralised strategic plan for the future of the network. We are also looking at how we manage demand projects such as data centres across the country in order to get the greatest advantage. My hon. Friend is right to highlight the local benefits that can come from heat networks. We will be carrying out heat network zoning to identify where waste heat can be reused, which will bring huge benefit for communities. We are also delivering the jobs that go with the building of the network, ensuring the manufacturing and infrastructure jobs that the UK has missed for many years.
The problem for the West London Alliance, which comprises six boroughs, is the lack of grid capacity, which means that new home developments and new projects providing business opportunities are frozen for a number of years, into the 2030s. Unless there is urgent action to provide more power to the grid, all those excellent projects will be frozen for far too long.
The hon. Gentleman has framed that perfectly. The challenge is not just about being able to get clean power into homes and businesses; on the demand side, it is also about how we can connect these critical economic growth opportunities. That is partly why we have cleared out the connections queue, so that more projects can connect. We have also launched a consultation to look at how we reform the demand side of the queue. Fundamentally, though, we have to build more grid—we have not built the grid that is needed since the 1960s. We are now embarking on the biggest grid upgrade in a generation, which is how we unlock the potential in communities like the hon. Gentleman’s and right across the country.
James Wild (North West Norfolk) (Con)
ConservativeNorth West Norfolk
14. What steps his Department is taking to help reduce household energy bills.
Families will be deeply concerned about the impacts they are facing as a result of the Iran conflict. This Government are determined to fight the people’s corner. As a result of actions in the Budget, the energy bill price cap will fall from next week and is guaranteed till the end of June. We have already provided £50 million of immediate support for vulnerable customers who use heating oil and will act to prevent unfair practices like price gouging. Above all, we will work to end this conflict, which is so essential and urgent for our national interest.