UK Parliament / Open data

Energy Bill

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

Did it not make sense? Perhaps I will get a little more inspiration while I finish reading my notes.

The noble Baroness asked whether Ofgem or some other body would keep the market under review. Yes, Ofgem will use existing powers to review it so as to make sure that it is working.

Finally, the noble Baroness, Lady Worthington, referred to the green growth figures. We are really pleased to see that they are growing, given the drop-off in the economy. I know that she and I and other noble Lords agree that we need to trumpet it at every opportunity. I hope that I do, because I think it is absolutely excellent news and one of the core strands of the department is the green growth agenda, which we are trying to build on. There are 1 million plus jobs supported by the green economy. That is on a par with financial services, and we have enormous scope to develop that. I very much agree with the noble Baroness, Lady Worthington, on that.

3.15 pm

I have not seen any further inspiration coming forward. If I have not answered the noble Lord, Lord Kerr, fully, I might be able to now. The discount needs to be fixed at the outset of the CFD and should not reflect discounts in the market at the time. If that makes it clear to noble Lords, that is fine; otherwise, I will read Hansard very carefully to make sure that if the question still arises, I will write to noble Lords.

About this proceeding contribution

Reference

747 c558GC 

Session

2013-14

Chamber / Committee

House of Lords Grand Committee
Back to top