Energy White Paper

Part of the debate – in the House of Commons at 5:16 pm on 14th December 2020.

Alert me about debates like this

Photo of Caroline Lucas Caroline Lucas Green, Brighton, Pavilion 5:16 pm, 14th December 2020

With nuclear power both eye-wateringly expensive and painfully slow in the face of the climate emergency, it is disappointing that there is not more ambition on renewables and efficiency instead. Will the Secretary of State confirm that, far from saving consumers money, the regulated asset base funding model essentially means that consumers pay twice: first to reduce the cost of borrowing by increasing bills before the plant is operating, forcing liability for construction delays on to customers, and secondly for extremely costly power once the plant starts operating? Will he immediately publish the modelling that allows him to mysteriously claim that this will drive down costs for consumers?