(6 years, 6 months ago)
Lords ChamberMy Lords, it is reported that the Drax power station is supported financially by the Government with an ongoing subsidy to the tune of about £1 billion a year. To aid the consideration by this House and others of the merits of the Swansea scheme, will the Minister table the facts about Drax?
I am more than happy to lay before the House any amount of information about the Drax power station and, if the noble Lord’s figures are correct, confirm them. Obviously, those matters can also be taken into account.
(6 years, 8 months ago)
Grand CommitteeIn considering this order we should consider the enormous public dissatisfaction with some of the regulated industries that we have seen for a long time. I think I am correct that the regulators have often been caught out saying that prices should be allowed to rise by a certain amount, and immediately after the announcement, companies’ share prices have risen. To me, this means that the regulator has misjudged the situation. Bodies such as Ofgem are extremely powerful, and from the point of view of the consumer and the general public it is important that a very close watch is kept on their activities. I am happy to support what is in this paper because the balance of advantage between consumer and supplier is tilted very much one way, and this will tilt it back the other way.
My Lords, I think that I am grateful to the noble Lord, Lord Bradshaw, for his comments. It is always difficult to get the balance right in these matters, which is what we are trying to do in a number of other pieces of legislation—as the noble Lord will be aware—that are before another place at the moment.
It is important that we ensure that Ofgem has the appropriate powers to look after the consumer interest. Obviously, we take very seriously the idea of any extension of powers that we might grant to Ofgem or any other body, and that is why, under the Police-and-whatever-it-is Act 2001, we have to make an order if we want to do that. They are affirmative orders and we have to come to the House to argue the case for them. That is what I am doing.
The noble Lord, Lord Stevenson, was slightly worried about the consultation and whether we listened to the consultees. What I said in my opening remarks was that the industry and stakeholders, perhaps not surprisingly, believed the additional powers were disproportionate, but I added that others, including consumer groups—this is the point that the noble Lord, Lord Bradshaw, picked up—were neutral or in favour of the provision. The Government have to consider these matters very carefully.
(12 years, 7 months ago)
Lords ChamberMy Lords, I will make sure that a reply comes to the noble Baroness in due course. Obviously, we continue to negotiate on these matters with Eurostar. I should point out that Eurostar is a private company and we cannot order it to close the so-called Lille loophole with which we are trying to deal. Certainly, we will try to get to other matters and will negotiate accordingly.
Will the Minister turn his mind to the situation developing as regards trains from Germany which stop at several places before going into the tunnel? The same problem that applies to Lille will apply to a lot of other stations on the continent. Better arrangements need to be made.
I am very grateful to my noble friend for raising that point. I understand that the German railways are already planning this and that there might be services from late 2015, so we have some time. He is right to point to the problems because of the confines of the concourse at St Pancras and other places, and the need to make sure that we can sort this matter out in the country of origin. That is relatively easy when you are talking about Brussels, Lille and London. It is considerably harder in the case of trains coming from a number of different stations in Germany. At that point different options will have to be looked at, but we have at least three years to do so.