Moved by
Lord Oxburgh
51B: After Clause 136, insert the following new Clause—
“Long-term energy policy
Energy Investment Advisory Board
(1) There shall be body corporate known as the Energy Investment Advisory Board.
(2) The role of the Board shall be—
(a) to take a panoramic and long-term view of the country’s energy needs and opportunities;
(b) to provide Parliament and Ministers in the department responsible for energy with advice in implementing Government policy objectives for energy, that advice based on the continuity and experience of its members.
(3) The remit of the Board would include all energy matters including generation, distribution, energy storage, inter-connectors, and new energy sources and include implementation of the reformed energy market and early recognition of unforeseen problems.
(4) The Board should report annually to Parliament and the minutes of its meeting should be published.
(5) The Board should comprise four or five expert members appointed for their experience in or knowledge of the energy industries with the relevant Permanent Secretary in attendance; they should serve for staggered terms of five or seven years; and the Secretary of State and Minister of State for Energy may attend meetings of the Board at their discretion.”