Lord Ezra
Main Page: Lord Ezra (Liberal Democrat - Life peer)My Lords, we expect the energy market to deliver over the winter of 2013-14 as it has always done. We have a range of options in place to meet any tightening of margins. National Grid has existing system-balancing tools to respond to any short-term demand or supply fluctuation, and it is consulting with Ofgem on extending the existing tools to manage any predicted risks mid-decade in electricity. For the medium to long term, in the Energy Bill currently going through your Lordships’ House we are ensuring that we get the levels of investment needed to deliver secure energy supplies through a diverse mix of energy sources.
My Lords, could my noble friend kindly elaborate on her reply? In the case of gas, bearing in mind that we are now importing more than 50% of our requirements and that storage is limited, is she satisfied that we will have enough to meet peak winter demand? In the case of electricity, bearing in mind that it is estimated that reserve capacity could be as low as 5%, instead of 15% or above as normal, is she equally satisfied that we will be able to meet peak winter demand?