Mr Douglas Alexander

Mr Douglas Alexander

Labour (Co-op) — Lothian East

Speaking in the House of Commons on 14 January 2026

Debate

Economic Growth

Contribution

Let us start with the facts. Our auction today delivers new renewable power, and building and operating that will be cheaper than building new gas. Let me give the hon. Lady the figures. Here are the key facts: the cost of building and operating new gas—£147 per megawatt-hour; the strike price that we agreed today—an average of £91. That means that the price of wind that we have secured is 40% lower than the cost of building and operating new gas power plants. What the hon. Lady has said is simply not true.

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