Energy Price Cap

Part of the debate – in the House of Commons at 3:36 pm on 3rd July 2017.

Alert me about debates like this

Photo of Greg Clark Greg Clark The Secretary of State for Business, Energy and Industrial Strategy 3:36 pm, 3rd July 2017

In response to the first part of the hon. Gentleman’s question, I welcome, as he does, the huge progress that has been made not just in the deployment of renewables, but in the cost reductions that we have seen. That process has created jobs across the UK, especially in coastal towns. I had the pleasure of opening the Siemens wind blade factory in Hull, which created 1,000 good jobs. However, he is right that the detriment has been going on too long, which was why the Government asked the CMA to investigate the industry root and branch. It has identified £1.4 billion of detriment, and I have made it absolutely clear that that detriment needs to be returned to the pockets of consumers.