My Lords, the noble Lord knows that I will not be able to answer that at this moment. It would be better for me to take the question away.
My Lords, if that question were asked of the United States Government, the German Government or the French Government, I think there would have been a much more robust defence of jobs and companies. Why will the Government not do more?
My Lords, I have just said to your Lordships’ House that between 29,000 and 41,000 jobs will be made available through what we are doing currently. Of course this is a growing sector and of course we want to see more job growth, but we also want to ensure that we get the right mix of energies in this country and this Government are doing that.
My Lords, I recognise and pay tribute to my noble friend’s expertise on this; having been in post for only eight weeks, I am sure that there is much that I can take away from him. However, I emphasise that the report has been prepared independently by Ofgem. It is important to acknowledge that the projections of future electricity capacity are dependent on a range of assumptions. I hear clearly what the noble Lord says about the nuclear power stations having extended life. All I can say to reassure him is that there are a lot of discussions going on and much of that will be relevant to what he has raised.
My Lords, could the Minister give the House some figures, please? What is the total installed generation capacity required to meet our peak demand and what is she going to do about it?
Could the Minister give the House some figures, please? What does she think is the total installed generation capacity needed to ensure that we meet our peak demand?
My Lords, I reassure the noble Lord and the House that we have enough capacity to ensure that the lights do not go out. We have been in this place before. As noble Lords will know, in the last decade we had a similar prediction that we would have a drop in supply, but of course the lights remained on. We are working with all our efforts to ensure that, through renewables, gas and coal, those lights stay on.
To ask Her Majesty’s Government, in the light of the announcement of price rises by British Gas, what action they will take to protect consumers from rising energy costs.
My Lords, protecting consumers from rising energy costs is a priority for this Government. Programmes such as the Carbon Emissions Reduction Target, Warm Front, Green Deal and the Energy Company Obligation make or will make homes more energy efficient. The Warm Home discount provides £1.1 billion of support until 2015 and helps around 2 million low-income and vulnerable households. The Government have also instigated the Big Energy Saving Week, to be held the week of 22 October, when there will be up to 400 events across the country providing direct advice on reducing energy bills.
Whenever energy companies announce their price hikes they always blame wholesale price increases. However, when wholesale prices fall, customers rarely see their bills fall. When are the Government going to stand up for hard-working families, the grafters and people struggling to make ends meet who are suffering at the hands of these companies?
My Lords, this Government do stand up for hard-working families, the grafters and the strivers. What we cannot do, of course, is tell big energy companies what prices they should set. Artificially reducing retail prices to levels below competitive levels would be unsustainable and discourage investment in new infrastructure. We need to make sure that energy companies are doing more by making them make their bills easier for consumers to understand and, where they can, by directing consumers to cheaper tariffs.