Electricity Market Reform

Debate between Dan Byles and Chris Huhne

Thursday 16th December 2010 Commons Chamber

[Chris Huhne]

Thank you, Madam Deputy Speaker. Gas storage is dealt with in the current Bill. On that point I shall end.

[Dan Byles (North Warwickshire) (Con)]

Does the Secretary of State agree that when the new measures are in place, we will require long-term regulatory stability if we are to encourage an attractive investment environment in order to decarbonise our energy market and keep the lights on at an affordable price?

[Chris Huhne]

I absolutely agree that we require long-term regulatory stability. That is one reason why we have been at pains to say that we will not change the terms on which investors relied when they made past investments. We want them to believe that when we put this framework in place they will be able to rely on a similar assurance of stability.