Alistair Strathern

Alistair Strathern

Labour — Hitchin

Speaking in the House of Commons on 24 March 2026

Debate

Oil and Gas

Contribution

I thank the right hon. Gentleman for his confirmation that his party used to believe in the future once, but when it comes to clean energy, I think the fact that we have been able to make so much further progress so quickly shows that there clearly were things that the last Government could have done but did not. Whether we are talking about a failure to crack on with new nuclear at speed and remove those regulatory barriers, about a failure to consider the levy reforms that we have already introduced to deliver tangible reductions in people’s bills this April, or about a failure to think about creative ways in which we can drive down energy demand for households across the UK through a proper warm homes plan rather than exploitative rip-offs delivered by con merchants under their eco-schemes, I think we have far better answers of which we can be proud. It is disappointing that we have not had a more sincere debate on this issue today, because I think there are important questions, which are worthy of challenge, about how we can deliver this transition in a way that truly delivers on our climate and energy communities and for all those who paying bills at the moment. The Fingleton review points to some important principles showing how we can do far better when it comes to big energy projects. I would welcome further scrutiny from the Opposition on that, and on how we can deliver it at pace to make really impactful changes in a nuclear landscape that was left stalled and in stasis under their policies. As we look to drive forward the green transition, it is right that, over time, we remove the role of gas in setting the price of power, and there are regulatory reforms that we could be making now to try and improve the position. There is some interesting analysis from Stonehaven showing how bringing gas power plants into the regulated asset base could do a far better job of stabilising prices, and would produce a better result for consumers and, crucially, businesses and industrial users. There is also more work to be done to continue the Secretary of State’s leadership on auction innovation. In the last auction, innovations that we introduced after years of lack of reform meant that we were able to lean in at an opportune moment to expand the amount of power that we were able to purchase when prices were lower than market expectations. I know the shadow Secretary of State, the right hon. Member for East Surrey, thinks that that insurance policy was not valid, which I think is a particularly challenging position to take at a time when we are seeing the cost of inaction shooting up under oil and gas. [Interruption.] I would welcome further challenges from the right hon. Lady about how we could innovate further. I know that the last Government’s record did not do a very good job of bringing out the best value when it came to auction design, but this is exactly the type of area in which cross-party challenge should be welcomed to ensure we can continue to do better. Instead, we are focusing on distractions that will do nothing for our constituents and that, sadly, do not prompt the very important questions, such as those posed by my hon. Friend the Member for Stoke-on-Trent Central (Gareth Snell), on how we can better ensure that where we need to continue to rely on gas power, we direct it towards sectors that this country has long depended on. It is a sad truth that this debate has not lived up to the importance of the topic that we are discussing today. The Conservatives used to believe in the future. It is sad that they do not any more.

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