Ed Miliband

Ed Miliband

Labour — Doncaster North

Speaking in the House of Commons on 19 May 2026

Debate

Energy Security

Contribution

My hon. Friend makes his point incredibly well, and I do want to say something about renewables before I move on. At the time of the AR7 auction, the right hon. Member for East Surrey said that we should cancel that auction. As I said, that auction secured power for the equivalent of 16 million homes—[Interruption.] Perhaps Opposition Members could listen for a second. That included offshore wind at prices that are 40% cheaper to build and operate than new gas. At the time, the right hon. Lady shouted out from a sedentary position “Gas is falling!”, as a justification for her position—[Interruption.] She did say that. Today, the gas price is around 50% higher than it was then. There is a really important point here: there can be no clearer demonstration of the gamble that Conservative Members wanted us to take. What a terrible call; what a foolish position. We are at a time of the greatest geopolitical instability in generations. Anyone who would rationally learn the lessons from when Russia invaded Ukraine would say, “We cannot gamble on low fossil fuel prices, because this is what happens.”

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