Energy Bill

I welcome the interest in the issue from Scotland. We are introducing a regime to put into practice the principle that new nuclear must pay its full costs, including those for the disposal of waste. We are setting up a new committee to help us get the finances right, but the purpose of the fixed price is to give the investor confidence at the beginning of the life of a nuclear reactor about what the costs will be—[Interruption.] It may help if I make a little progress. We missed the hon. Gentleman in Committee—I know he would have aided our deliberations—and I am sure that I would have been able to persuade him that new nuclear has a role in a modern economy, whether it be in Scotland or elsewhere in the UK.