We are already seeing the benefits of our energy superpower mission and investment in jobs. Since the start of November, we have seen a £1 billion investment in Hull by Siemens Gamesa, supporting 1,300 jobs in blade manufacturing. Ørsted has announced £100 million of orders for UK firms, and we have reached financial close on the UK’s first carbon capture in Teesside. That is what it means to have a Government delivering jobs and investment for the British people.
There appears to be inconsistency between what Ministers are saying about the report by the National Energy System Operator and what the CEO of NESO told the Energy Security and Net Zero Committee last week. Can the Secretary of State answer this clearly: does the NESO report forecast higher or lower energy bills under his policy?
I am very glad that the hon. Gentleman has asked that question, as the shadow Secretary of State has asked me about that. [Interruption.] I will answer the question. Page 77 of the NESO report says very clearly what happens to overall costs in the system: electricity costs are reduced by £10 per MWh. As NESO says, it is for Government to make policy choices that determine the precise impact on bills, but the report is clear that the system will be cheaper. It is completely logical to say that that will lead to a reduction in bills.
T2. My constituency has the second highest number of members on the British Coal staff superannuation scheme in the country; we have more than 1,000 members. Does the Minister agree that we need to end the injustice for all former employees on that scheme? Will she visit my beautiful constituency to meet me and members of the scheme?
I would be very happy to meet my hon. Friend and members of the scheme. I met the trustees of the scheme yesterday, and I have committed to talking to the Treasury about their proposals.
Labour’s policy on the North sea will cost the country £12 billion in tax receipts, which would be enough to cover the winter fuel payment for many, many years. Pensioners will be in the cold this winter, and this is a policy that no other major economy is pursuing. How can the Government possibly justify it?
These are more fantasy numbers from the right hon. Lady. The truth is that the North sea has lost a third of its employment in the past decade. The only future for the North sea is in what this Government are doing: investing in carbon capture and storage, in offshore wind and in hydrogen. That is the future.
That is not my figure; it is a figure from industry—£12 billion in lost North sea tax receipts, in addition to £8 billion for an energy company that will not generate energy, and at least £200 billion for a 2030 target that we now know will not cut bills. Is it not true that pensioners will be sitting in the cold this winter to pick up the bill for this Secretary of State?
No. The case is that the Conservatives left us dependent on fossil fuels, which led to the worst cost of living crisis in living memory. The tragedy is that they are doubling down on their failed policy. The only answer for lower bills is clean, home-grown energy that we control.
T5. I welcome the clean power plan, which the Government published last week, which lays out the route to energy security and lower bills. Will my right hon. Friend provide more detail on how our new national champion, Great British Energy, which is backed by the overwhelming majority of the public in Stevenage and elsewhere, will form part of this new plan?
My hon. Friend is absolutely right. Great British Energy—headquartered in Aberdeen—is already up and running. Our plans for Great British Energy will be rolled out in the new year. Those plans include working with local communities for solar on schools and hospitals, so that we can start cutting bills for public services and local communities.
T3. My constituents were promised £300 off their energy bills by the Labour Government. Instead, they are having to fork out additional money for Great British Energy and to pursue net zero, while the Government take the winter fuel payment away from millions of pensioners. How can the Secretary of State justify increasing spending on net zero projects while his Government let pensioners go cold this winter?
The truth is that there is only one way to get bills down sustainably in this country, which is to drive towards clean energy. The Conservatives used to believe that, too; then, in September 2023, the former Prime Minister took them on an anti-net zero crusade, and it is only getting worse.
T6. More than half the homes in my constituency have an energy performance rating of D or worse, and a quarter are off-grid, relying on more expensive fuels, so I welcome this Government’s commitment to a warm homes plan. However, with a lot of rural homes poorly insulated and not suited to heat pumps, will the Secretary of State work with me on a tailored plan for colder, stone-built rural homes?
We are rolling out our warm homes plan, which we want every household to benefit from, and we will ensure that we have the right solution for the right homes. I will work with my hon. Friend and with Members from across the House on solutions that every household can benefit from, to ensure that we have warmer homes that are cheaper to run.
T4. The spill of fuel oil in the Black sea from Russian tankers is yet another tragic reminder of the work that Russia is doing to subvert our sanctions. What is the Secretary of State’s assessment of the amount of petrochemical products and their derivatives entering our economy from Russia today?
I will not answer the hon. Gentleman directly, but I will say that I am working with my colleagues across Government on this crucial issue. We will do everything we can to drive down Russia’s benefits from its oil and gas industry, because that is a crucial part of the war effort to help Ukraine.