Lord Rooker
Main Page: Lord Rooker (Labour - Life peer)North Sea Oil and Gas Producers: Investment Allowances
Lord Rooker Excerpts
Baroness Penn (Con)
My noble friend is absolutely right. That went slightly beyond the energy profits levy investment allowance, but I would be happy to write to him with more details.
Lord Rooker (Lab)
The Minister has twice referred to the fact that onshore and offshore wind power is the cheapest possible form of energy. That can be the case only if we ignore intermittency. We have intermittency with offshore. If we do not cost that in, we will be in real trouble comparing energy sources in the future.
Baroness Penn (Con)
The Government absolutely recognise the importance of consistent baseload power as well; that is why we are committed, for example, to more investment in nuclear.