Lord Roper
Main Page: Lord Roper (Liberal Democrat - Life peer)(10 years, 5 months ago)
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Baroness Verma
Of course. As I said in my original Answer, we will see an increase of more than 20% in the capacity of gas storage. However, as the noble Lord asked for further figures, as my noble friend did, I will make sure that they are placed in the Library.
Lord Roper (LD)
My Lords, in the initial reply of my noble friend the Minister to the noble Baroness, Lady Worthington, she suggested that any further intervention in gas storage would raise prices disproportionately for consumers. Will she let us know the basis for that?
Baroness Verma
My Lords, we have carried out an analysis of the UK gas market to see the potential for intervention against potential shocks, and have found that there is a wide range of figures. However, they are still hugely substantial as regards the net benefit to consumers and the population as a whole.