Energy: Gas Storage

Lord Reid of Cardowan Excerpts

Thursday 28th November 2013 Lords Chamber

[Baroness Verma]

Indeed, my noble friend raises a very important question. That is why, through the Energy Bill, we have tried to ensure that we support home-grown energy. We need a mix of energy and we need it to come from various sources. That is the only way we will be able to tackle what we see as increasingly global prices.

[Lord Reid of Cardowan (Lab)]

My Lords, just so that we can be clear on the Government’s position, is it that when a market is not working, it is proper to intercede?

[Baroness Verma]

My Lords, the point of intervention is where we try to ensure that low-carbon generation gets the support to be able to supply energy at a cost that will be affordable to consumers. That is about ensuring energy security and cleaner energy, but also affordability.