Energy: Storage

Baroness Jones of Moulsecoomb Excerpts

Wednesday 1st February 2017 Lords Chamber

[Lord Prior of Brampton]

My Lords, if there is any issue about availability of supplies from France, it probably relates more to the fact that a number of France’s nuclear plants are nearing the end of their lives than to anything that comes out of Brexit. In fact, as the noble Lord may know, we are investing in more interconnector capacity, which would increase the capacity from 2,200 megawatts to more than 7,000 megawatts. Again, that should reduce the cost of electricity to our consumers.

[Baroness Jones of Moulsecoomb (GP)]

My Lords, I do not hear the Government talking much about microgeneration, which provides a real opportunity to get local people to invest. Is that something that the Minister’s department is looking at?

[Lord Prior of Brampton]

My Lords, again, the development of battery technology and electric vehicles means that every consumer in the country could become a small generator in due course and be able not only to take electricity from the grid during downtimes but also to feed back energy from their electric car or their own battery in their own home during peak times. We are looking at, I think, a revolution in the way that we manage electricity in this country.

Green Investment Bank

Baroness Jones of Moulsecoomb Excerpts

Thursday 12th January 2017 Lords Chamber

[Lord Prior of Brampton]

My Lords, the Green Investment Bank has been a huge success—I do not think anyone doubts that. From a start-up four or five years ago, it has developed into probably the finest financial institution in this space. The Government have two objectives: first, to get value for money—certainly not to sell the assets for less than they are worth; and secondly, to free up the Green Investment Bank so that it can use its expertise to back more sustainable projects in the future.

[Baroness Jones of Moulsecoomb (GP)]

My Lords, I give credit to the coalition Government for setting up the Green Investment Bank. It was a very good move and I deeply regret the privatisation because I feel that we will, perhaps, lose some momentum. However, in a debate yesterday in the other place the right honourable Member for West Dorset said that the privatisation of the Green Investment Bank would be judged on its increasing the spend over the last full year, which I think was £700 million. Is there any commitment within the bidders’ bids—I do not think this is confidential—to increase investment so that the good work can continue?

[Lord Prior of Brampton]

My Lords, I think the Green Investment Bank has spent just over £2.5 billion so far and has brought in about £8 billion of private investment to complement that, so it has committed a total investment of about £10 billion. Clearly anyone who buys the Green Investment Bank will want to see that investment grow. That will be very much part of the negotiated discussions that we are having with interested parties.

Solar Panels: Business Rate Exemption

Baroness Jones of Moulsecoomb Excerpts

Thursday 27th October 2016 Lords Chamber

[Baroness Neville-Rolfe]

The noble Baroness is right that there is in this area a curiosity, as I think I would describe it, which is that private schools and academies, being charities, as she said, get an 80% reduction, which is good. We have a system where the impact depends on the ownership, as she will know, of the affected solar project, so we have a situation in which there is a fall on new projects where the electricity generated is sold and an increase where the electricity is used directly by the owner—she mentioned the example of schools. It is not possible to estimate the impact of those changes because it depends on ownership but, as I said in my reply, we are considering the impact and any proposed changes will be made in due course.

[Baroness Jones of Moulsecoomb (GP)]

My Lords, last year I visited a school in Croydon, which has had to cancel an expansion of its solar installation because of the Government’s cuts to the feed-in tariff. I invite the Minister, when she is sure about the impact of this particular measure, to go with me to that school in Croydon and explain why its solar installation is now going to be taxed and how much it will be taxed by.

[Baroness Neville-Rolfe]

As I have said, we are looking at the rate issue. There is also an issue relating to VAT, where HMRC issued a consultation—at the moment, domestic VAT continues to be 5%. The feed-in tariff deployment actually continues. Obviously, the subsidies of solar have come down because the costs have come down to such an extent. Solar has been a big success in this country and it is obviously right that the subsidy levels reflect that innovation and productivity.

Climate Change: Fracking

Baroness Jones of Moulsecoomb Excerpts

Tuesday 6th September 2016 Lords Chamber

[Baroness Neville-Rolfe]

The noble Baroness is right to draw attention to methane. That is, of course, one of the key focuses of the Environment Agency, which has control over the permitting process and environmental emissions.

[Baroness Jones of Moulsecoomb (GP)]

My Lords, in fact there is mounting evidence that the methane leaks associated with fracking are far dirtier than those associated with energy derived from coal. Therefore, I do not see how it is possible for us to have clean energy and fulfil all our commitments if we carry on fracking. Is it not time that we followed the devolved countries of Scotland and Wales and abandoned fracking in England?

[Baroness Neville-Rolfe]

I think the key thing is to have a proper regulatory system of controls. We have learned from US experience in setting up our system. We are also focused on all the Kyoto basket of gases, which includes methane. I assure the noble Baroness that that is an important part of our thinking. But I return to my first point, which is that we need a mix of energy in the transition to 2050.