Energy Prices Debate
Full Debate: Read Full DebateLord Geddes
Main Page: Lord Geddes (Conservative - Excepted Hereditary)Department Debates - View all Lord Geddes's debates with the Department for Energy Security & Net Zero
(6 days, 13 hours ago)
Lords ChamberMy 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.
My Lords, the Minister will not be surprised by my question: what price tidal power?
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.