Contributions
1,496 recent contributions in Hansard
HANSARDNuclear Energy (Financing) Bill (Sixth sitting)I beg to move amendment 18, in clause 32, page 24, line 24, at end insert— “(5A) In the event that a relevant licensee nuclear company cannot be rescued as a going concern, or if…25 Nov 2021HANSARDPoint of OrderOn a point of order, Madam Deputy Speaker. Yesterday, during the urgent question on Bulb going into special administration, the Business Secretary told my hon. Friend the Member…25 Nov 2021HANSARDEnergy-intensive IndustriesThis has been an excellent debate, involving Members on both sides of the Chamber. It has focused on the two things that are absolutely essential for energy-intensive industries.…24 Nov 2021HANSARDNuclear Energy (Financing) Bill (Fifth sitting)Given the circumstances, I think I will. Question put, That the amendment be made.23 Nov 2021HANSARDNuclear Energy (Financing) Bill (Fifth sitting)I beg to move amendment 17, in clause 21, page 17, line 34, leave out from ‘are’ to end of line and insert ‘not to be paid into the Consolidated Fund unless there is no other…23 Nov 2021HANSARDNuclear Energy (Financing) Bill (Fifth sitting)I beg to move amendment 16, in clause 19, page 17, line 2, at end insert— “(10) Persistent non-payment of sums owed to the counterparty by an electricity supplier may be referred…23 Nov 2021HANSARDNuclear Energy (Financing) Bill (Fifth sitting)It is a pleasure to serve under your chairmanship, Ms Fovargue. Like the Minister, I would like to spend a moment announcing, as it were, this part of the Bill, which I hope we…23 Nov 2021HANSARDNuclear Energy (Financing) Bill (Fifth sitting)The Labour party accepts that the clauses cover important technical matters relating to how the rest of this part of the Bill holds together, and we therefore have no objection to…23 Nov 2021HANSARDNuclear Energy (Financing) Bill (Fifth sitting)I thought that this was the most reasonable amendment by far that we have tabled. I am sorry that the Minister has responded in the way that he has. He made the point that some…23 Nov 2021HANSARDNuclear Energy (Financing) Bill (Fifth sitting)Again—indeed. I think the Minister will know from his previous experience that the Treasury is not above, shall we say, treating all Government money as essentially its own. In…23 Nov 2021HANSARDNuclear Energy (Financing) Bill (Fifth sitting)I do not oppose the clause, but I want to ask the Minister about what it actually says. At first sight, it appears to say—this was the shared understanding that we…23 Nov 2021HANSARDNuclear Energy (Financing) Bill (Fifth sitting)The Minister talks about taking action in a more watertight way, and suggests that we look at clause 22, which relates to clause 25, which relates to a series of clauses relating…23 Nov 2021HANSARDNuclear Energy (Financing) Bill (Fifth sitting)I am very sympathetic to the amendment, although I do not think that it will do exactly what the hon. Member for Kilmarnock and Loudoun would like. It would be helpful to have…23 Nov 2021HANSARDNuclear Energy (Financing) Bill (Fifth sitting)The hon. Member makes a very interesting point, which I was rather slower than him to get to. He is quite right: if this is going to be £1 a month during the construction phase,…23 Nov 2021HANSARDNuclear Energy (Financing) Bill (Fifth sitting)The hon. Member is absolutely right. I am sure that we could do some back-of-a-fag-packet calculations about what we are going to need from the warm home discount, given the rises…23 Nov 2021HANSARDNuclear Energy (Financing) Bill (Fifth sitting)I am not sure that the Minister quite gets this. The warm home discount was introduced in 2011 and has been at the level of £140 since then, so the Government suggesting that it…23 Nov 2021HANSARDNuclear Energy (Financing) Bill (Fifth sitting)Indeed, and that is why we need better clarification from the Minister. Is there a distinction between cash up front in general—that is, one pays before getting any result from a…23 Nov 2021HANSARDNuclear Energy (Financing) Bill (Fifth sitting)I beg to move amendment 15, in clause 19, page 16, line 11, at end insert— “(4A) Revenue regulations may make provision to prevent electricity suppliers from recovering the costs…23 Nov 2021HANSARDNuclear Energy (Financing) Bill (Fifth sitting)I appreciate that this is a habitual piece of drafting in legislation, found not just in this Bill but in a number of others. One of my hopes with legislation has always been that…23 Nov 2021HANSARDNuclear Energy (Financing) Bill (Fifth sitting)I substantially agree that that is essentially how the process works, except that of course with CfDs the customer contribution does not change at all once the CfD has been…23 Nov 2021