Energy Prices

Lord Geddes Excerpts

Wednesday 26th March 2025 Lords Chamber

[Lord Hunt of Kings Heath (Lab)]

My Lords, I cannot give a definitive date for future legislation, as the noble Earl will understand, but he is right about market reform. We are considering fundamental changes, including zonal pricing. I understand that the previous Government looked at marginal pricing when they started their work but decided not to make any changes. On input, I would be very glad to meet with the noble Earl to discuss his proposals.

[Lord Geddes (Con)]

My Lords, the Minister will not be surprised by my question: what price tidal power?

[Lord Hunt of Kings Heath (Lab)]

My Lords, it depends on whether tidal power can offer value for money. I recently met with a number of developers who are interested in developing tidal power. I understand their passion and the potential, but we must ensure that it provides value for money. However, the door is open to further discussions.

Energy Costs for Businesses

Lord Geddes Excerpts

Tuesday 17th December 2024 Lords Chamber

[Lord Hunt of Kings Heath (Lab)]

My Lords, as ever, I am very grateful to the noble Lord for raising these very serious matters and particularly the plight of the Uighurs in Xinjiang province, which we have debated. He knows from my response in the Great British Energy Bill that we are looking at this very carefully. He is right that there is a tension, and clearly many of our solar panels come from China with all the attendant issues that this involves. But we have established the Solar Taskforce to look into the issue of supply chain, and we will be taking very seriously the points that the noble Lord has raised.

[Lord Geddes (Con)]

My Lords, I have berated my own party over many years on this subject; I shall now enjoy doing so to the noble Lord’s opposite. What is the Government’s attitude to tidal power, which is indefinite, utterly predictable and costs nothing once installed?