Wednesday 26th March 2025

(6 days, 13 hours ago)

Lords Chamber
Read Full debate Read Hansard Text Watch Debate Read Debate Ministerial Extracts
Lord Hunt of Kings Heath Portrait Lord Hunt of Kings Heath (Lab)
- View Speech - Hansard - - - Excerpts

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 Portrait Lord Geddes (Con)
- View Speech - Hansard - -

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

Lord Hunt of Kings Heath Portrait Lord Hunt of Kings Heath (Lab)
- View Speech - Hansard - - - Excerpts

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.