Over the last year there have been significant issues with electricity supply, not least because a number of power stations have either been down or under repair, and we have not yet got the new generation online that has been long talked about. That makes the interconnectors particularly important, but in Northern Ireland, of course, they are fully integrated with the rest of the Irish electricity system. The Trade and Cooperation Agreement that governs all this will run out in 2026. Are the Government actively in discussion with European counterparts on its successor?
I can confirm that the Government are in discussions on its successor. We are in fact planning another interconnector between Ireland and the UK. As the noble Lord knows, the island of Ireland is counted as one electricity market, and I can update him on further discussions as and when they happen.
(3 years, 10 months ago)
Lords ChamberWhile I am not aware of the abuses the noble Lord refers to, I will make sure I am fully informed of them. It is vital that traders set up transparent contracts with their consumers, which clearly explain any costs applied, and our consumer rights regulations enable consumers to take legal action to enforce their rights and recover their money if they think that these fees are excessive. If the noble Lord can share specific examples of this activity, I will be able to consider it further and write to him with more details.
I am sure the noble Baroness will understand that you cannot export what you cannot manufacture. I chair a manufacturing business in renewable heat, and we have critical parts that need to come from Slovakia. The perfect storm of coronavirus, Brexit red tape and order issues, means that hauliers in Slovakia will simply not bring goods to the UK at present. Manufacturing lines will soon halt, even though product and parts were stocked up in anticipation of Brexit issues. What are the Government doing to try and unlock the position for SME companies that are manufacturing in the UK, cannot access parts and do not have leverage to get priority from their European suppliers, as big companies may do?
I understand the point the noble Lord makes. I know that we managed to secure a much better deal for UK hauliers. They can continue to operate through and within the EU throughout the end of the transition period. As we know, that is important to allow the flow of goods, food and medicine into the country and to ensure that we can export our goods in a cost-efficient way to the EU and beyond. On his specific question about goods coming into the UK, I had better take that back to the department and write to him with further details of what we might be able to do to help.
The noble Baroness makes good points. The Government are not banning the installation of natural gas boilers, but to achieve net-zero emissions we will have to transition away completely from traditional gas boilers. We are continuing to explore how clean electricity, hydrogen, green gas and indeed shared heat networks in blocks of flats can contribute to achieving our net-zero target.
I should draw attention to my interests as chairman of a renewable heat company and as an advisor to many developments on planning matters for sustainable communities. The point that I make is one that will apply throughout the development sector and all techniques. The sector needs an early decision—it is welcome that the Government are doing this—but it also needs a long-term decision, because every company, builder, housebuilder and retrofitter needs to know what will be in place for a decade or more in policy terms, not short-term solutions.
The noble Lord raises a good point, but I hope that he is somewhat reassured by the 10-point plan, which has the potential to deliver £42 billion of private investment by 2030, accompanying £12 billion of government investment. This will create and support 250,000 green jobs by 2030. I think that the noble Lord will acknowledge that this is a long-term plan. It will be achieved through a combination of subsidies and investment by the Green Investment Bank.