UK Parliament / Open data

Energy Bill

Proceeding contribution from Daniel Byles (Conservative) in the House of Commons on Wednesday, 19 December 2012. It occurred during Debate on bills on Energy Bill.

A reasonable amendment, is it?

There are investors out there who want to invest in the UK. Members of the Energy and Climate Change Committee have spoken to them. I have personally spoken to numerous private equity companies and pension funds. There are billions of pounds sitting, burning holes in investors’ pockets, but they are holding back because they need to see the detail in the Bill. There are a number of issues that we kicked around in pre-legislative scrutiny on the Select Committee, around the counterparty and the detail of the contracts for difference. I am very pleased that DECC has moved considerably on the counterparty, and I think has taken on board many of industry’s concerns, but some still remain about exactly how the contracts for difference will work, where in the investment cycle those contracts will be awarded and the route to market for small generators.

About this proceeding contribution

Reference

555 c927 

Session

2012-13

Chamber / Committee

House of Commons chamber

Subjects

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