Energy: Long-term Supply Debate

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Department: Leader of the House

Energy: Long-term Supply

Lord Spicer Excerpts
Thursday 17th October 2013

(11 years, 1 month ago)

Lords Chamber
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Lord Spicer Portrait Lord Spicer (Con)
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My Lords, I declare an interest listed in the parliamentary register, and ask this question.

Lord Hill of Oareford Portrait The Chancellor of the Duchy of Lancaster (Lord Hill of Oareford) (Con)
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My Lords, forgive me. It is Labour’s turn for a question.

Baroness Verma Portrait Baroness Verma
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My Lords, luckily, the UK is the most open economy in the world and therefore welcomes inward investment, including in the nuclear sector and renewable energy, from everyone in the world.

Lord Spicer Portrait Lord Spicer
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My Lords—

Lord Teverson Portrait Lord Teverson (LD)
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My Lords, does the Minister agree that not enough determination has been shown by the official regulator, Ofgem, or by our competition authorities over the past decade to make sure that there is sufficient competition in the energy market, which would at last favour consumers? Would she nudge those organisations to grow some teeth and perhaps bare them, so that consumers get a fairer deal out of energy prices?