Energy Bill [Lords]

In reference to new clause 10, it quite obvious that the market in the European ETS is set, yet we decided as a country—or rather, the Government decided—to introduce the carbon price floor, which exceeded the EU ETS, so this is an issue for those on the Government Benches. Our European competitors also weight the cost of energy far more to the consumer rather than industry, which is ultimately a Government decision, and by and large the costs are generally the same, varying from country to country.