Great British Energy Bill

Debate between Lord Hunt of Kings Heath and Lord Wigley

Committee stage
Tuesday 3rd December 2024 Lords Chamber

[Lord Hunt of Kings Heath (Lab)]

I very much take that point. Clearly, my department is cognisant of costs. Much of our discussion with His Majesty’s Treasury on the resources made available obviously takes in those constraints. The point I made earlier is simply that we believe—and we are supported by NESO, the Committee on Climate Change and the OBR—that the best way to secure stable prices in the future is to charge on to clean power net zero.

[Lord Wigley (PC)]

Could the Minister give some comfort to those waiting to invest in pumped storage schemes about the timescale on which information will be available to enable them to do so?

[Lord Hunt of Kings Heath (Lab)]

My Lords, I cannot give the noble Lord chapter and verse today but will certainly write to him with what we can say in public.

Great British Nuclear: Modular Reactors

Debate between Lord Hunt of Kings Heath and Lord Wigley

Monday 2nd December 2024 Lords Chamber

[Lord Hunt of Kings Heath (Lab)]

My Lords, the noble Lord will know that we have already agreed internationally to go for a 2030 cut-off. I have had correspondence from the noble Lord and I know that others would argue that we should bring it forward, as the US has wanted to do. We are in very serious discussions about that.

[Lord Wigley (PC)]

My Lords, the Minister will know about the global shortage of radioisotope supply for treating cancer. Is he aware that the Welsh Government, in co-operation with the Egino company, have financed a feasibility study into establishing a radioisotope production plant on the existing Trawsfynydd nuclear site, to which the noble Lord, Lord Jones, referred a moment ago, and for which an SMR would be highly relevant? Does he accept that such a project would help meet the UK healthcare needs, facilitate valuable exports, help the existing nuclear site to be managed and provide much-needed high-grade jobs? Please will he link up with colleagues in Cardiff to see what can be done on this through GB Nuclear?

[Lord Hunt of Kings Heath (Lab)]

My Lords, I understand the point the noble Lord is raising. My department is exercised by the advantage that could be brought. We are in discussions with the Welsh Assembly Government and my colleagues in the Department of Health and Social Care. I cannot say at this stage whether we can bring this to a successful outcome, but I certainly see the merits in what he is arguing.