I beg to move, That the Bill be now read a Second time.
We need to pass this Energy Bill if Britain is to have a credible and ambitious energy and climate change policy. The Bill represents both a practical and a radical approach to reforming our electricity market. It is essential if we are to deliver on our three objectives for energy and climate change policy—namely, secure energy that is affordable and clean—yet I believe the Bill offers the country much more than a better energy policy. With our current economic difficulties, as we along with many other nations strive to ignite sustainable growth, this Bill offers a significant opportunity to stimulate the sort of infrastructure investment that our country desperately needs, for both the short and long term. We estimate that an enormous £110 billion of energy infrastructure investment is needed between now and the end of the decade in low-carbon energy generation and the grid network.