UK Parliament / Open data

Energy Bill

Proceeding contribution from Baroness Worthington (Labour) in the House of Lords on Thursday, 25 July 2013. It occurred during Debate on bills and Committee proceeding on Energy Bill.

I do not think it will be too late. The reason I say that is independent generators, as we have just discussed, are already quite substantial players; they are receiving revenue as we speak. This is about their forward plans and the investment in the future. They will not go bankrupt because we are not doing anything to affect their current investment base. We can overegg the problem. I have stated myself how important I think they are, but I do not think that they are going to disappear or go bankrupt, because they all own projects today.

I was slightly thrown by that intervention. If we find that there is a problem: that the liquidity is not there and the PPAs are not forthcoming, that signals that we have a further market reform to bring forward, which must look seriously at the pooling of power and the creation of a genuinely competitive market. That would be the real solution for giving everybody a fair market within which to operate.

About this proceeding contribution

Reference

747 c554GC 

Session

2013-14

Chamber / Committee

House of Lords Grand Committee
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