Electricity Supplies from Europe
Debate between Baroness Bloomfield of Hinton Waldrist and Viscount Waverley
Baroness Bloomfield of Hinton Waldrist (Con)
I agree entirely with the noble Lord, who speaks with great authority on this matter. The Iceland link is, I think, no longer going ahead, but I can confirm, as I said in an earlier answer, that we have 18 gigawatts of interconnected power provided for within the energy White Paper. It does indeed play a vital role in supporting a flexible decarbonising system, by rapidly responding to changes in demand and supply. Interconnection supports the integration of low-carbon generation in the UK to meet our net-zero goal. It also provides competition in the energy sector that will reduce prices and lead to lower energy bills.
Viscount Waverley (CB)
My Lords, reliability is of course an imperative. However, is the Minister able to give an assurance about Russia, which was deemed by the Government to be “the enemy” in their recent integrated policy review? Given that a major UK company is a funder of the Nord Stream 2 gas project, with the promoters emphasising that not just Germany but western Europe will be a beneficiary of the gas from Russia, it would be inextricable that the gas from the original source would find its way to our shores.
Baroness Bloomfield of Hinton Waldrist (Con)
There can be no normalisation of our bilateral relationship until Russia stops its irresponsible and destabilising activity. The UK imported less than 3% of its gas in 2020. The Government remain concerned about the impact Nord Stream 2 will have on European energy security, and particularly on the interests of Ukraine.