Energy: Long-term Supply

Debate between Baroness Verma and Lord Spicer

Thursday 17th October 2013 Lords Chamber

[Baroness Verma]

My Lords, luckily, the UK is the most open economy in the world and therefore welcomes inward investment, including in the nuclear sector and renewable energy, from everyone in the world.

[Lord Spicer]

My Lords—

[Lord Teverson (LD)]

My Lords, does the Minister agree that not enough determination has been shown by the official regulator, Ofgem, or by our competition authorities over the past decade to make sure that there is sufficient competition in the energy market, which would at last favour consumers? Would she nudge those organisations to grow some teeth and perhaps bare them, so that consumers get a fairer deal out of energy prices?