Contributions
1,391 recent contributions in Hansard
HANSARDNuclear Energy (Financing) Bill (Fourth sitting)Again, I will be brief. I have a few comments on clause 7 stand part. Subsection (2) and paragraph 83 of the explanatory notes confirm that a licence can be modified to allow the…18 Nov 2021HANSARDNuclear Energy (Financing) Bill (Fourth sitting)Will the Minister explain how he sees the cap being set? Obviously, on a construction project, there is usually agreed risk sharing and that effectively sets a cap, but…18 Nov 2021HANSARDNuclear Energy (Financing) Bill (Fourth sitting)I do not want to be a pain, but does not deleting “as soon as reasonably practicable after they are made” make the timescale for the Secretary of State to publish open-ended? In a…18 Nov 2021HANSARDNuclear Energy (Financing) Bill (Fourth sitting)I realise that we are arguing over semantics, but perhaps it should be amended to be “must publish details of any modifications made under a relevant power once that modification…18 Nov 2021HANSARDNuclear Energy (Financing) Bill (Fourth sitting)I do not want to go on for too long but, further to the previous intervention, is it not the case that it can easily be argued that the EPR reactors currently being built are…18 Nov 2021HANSARDNuclear Energy (Financing) Bill (Fourth sitting)I will be brief, because I know that time is getting on, and far be it from me to speak to a clause that both Front Benchers have agreed adds transparency to the Bill—albeit that,…18 Nov 2021HANSARDNuclear Energy (Financing) Bill (Fourth sitting)I share the hon. Gentleman’s concerns about protecting consumers from costs and so on. That is actually why we are against large-scale new nuclear. Can he explain a wee bit more…18 Nov 2021HANSARDNuclear Energy (Financing) Bill (Fourth sitting)The Minister has already said that energy generation is a reserved power. Is he confirming that if the devolved Administrations say no in a consultation, that could be overruled…18 Nov 2021HANSARDNuclear Energy (Financing) Bill (Fourth sitting)Could the Minister give an example of an existing licence that the Government have granted that could likely need to be modified to facilitate the investment that the Government…18 Nov 2021HANSARDNuclear Energy (Financing) Bill (Fourth sitting)I want it no ways.18 Nov 2021HANSARDNuclear Energy (Financing) Bill (Fourth sitting)Earlier, the Minister talked about UK pension funds as well in terms of levering in capital. Is some of the £1.7 billion going to be matched funding with pension funds, for…18 Nov 2021HANSARDNuclear Energy (Financing) Bill (Fourth sitting)I will come to this in my own comments, but is it not the case that the Secretary of State gets to sign off whether he thinks a project is value for money and sufficiently…18 Nov 2021HANSARDNuclear Energy (Financing) Bill (Third sitting)I appreciate the hon. Gentleman giving way once more; I am starting to feel like I am on a mission to annoy each contributor—apologies. He makes valid points, and I understand his…18 Nov 2021HANSARDNuclear Energy (Financing) Bill (Third sitting)I understand where the hon. Gentleman is going, but where is the fall-back?. The Secretary of State is desperate to get a nuclear deal signed off, so he just signs it off: “Yes, I…18 Nov 2021HANSARDNuclear Energy (Financing) Bill (Third sitting)I appreciate that the Minister has been generous with his time. Will he clarify whether Sizewell C has an electricity generation licence? I could not find that on Ofgem’s website.18 Nov 2021HANSARDNuclear Energy (Financing) Bill (Third sitting)The Minister made a key point: this is taxpayers’ money. Surely, we as taxpayers have a right to know, even roughly, what services will be procured from this £1.7 billion. I would…18 Nov 2021HANSARDNuclear Energy (Financing) Bill (Third sitting)The Minister will have noticed in the evidence session on Tuesday when I put the question to the Sizewell C company about the derivation of the £1.7 billion and what discussions…18 Nov 2021HANSARDNuclear Energy (Financing) Bill (Third sitting)The Bill is mainly about Sizewell C. Can the Minister tell me where any European pressurised reactor is operating at scale connected to the grid at this moment in time? He is…18 Nov 2021HANSARDNuclear Energy (Financing) Bill (Third sitting)It is a pleasure to serve under your chairwomanship, Ms Fovargue. In my intervention, I wondered if the amendments would technically preclude EDF under the RAB scheme. I hoped…18 Nov 2021HANSARDNuclear Energy (Financing) Bill (Fourth sitting)Following on from my intervention, I have real concerns about the clause—we will come later to clause 3—and the lack of transparency in what constitutes value for money. In…18 Nov 2021