(11 years, 8 months ago)
Commons ChamberI have all sorts of prepared notes but I am not going to use them because the answer to this question is as plain as this: it is fine to have targets; targets matter because they signal direction. However, one must have weapons to hit those targets. What the Government have done that the previous Government did not—I do not want to be excessively critical—is put measures in the Energy Bill that will allow us to develop the weapons to hit targets. That is what investment is about: meeting targets, not setting them.
17. What steps he is taking to increase competition in the energy market.