That the Committee has considered the draft Electricity Supplier Payments (Amendment) Regulations 2017.
It is a pleasure to serve under your chairmanship, Sir Alan. This statutory instrument amends regulations concerning the contracts for difference scheme and the capacity market. Those schemes are designed to incentivise the …..." Jesse Norman - View Speech
"The regulations will be enacted today by a vote in the Committee and the settlement costs will come into force at the times indicated: the Electricity Settlements Company by 28 March; the operational costs levy for the LCCC by 1 April; and the changes to the CfD supplier obligation later …..." Jesse Norman - View Speech
"I am grateful to all hon. Members who have contributed for their comments and questions. If I may, I would like to correct something that I said earlier in response to my right hon. Friend the Member for Chelmsford. Officials have reminded me that regulations 1 and 19 will come …..." Jesse Norman - View Speech
"I take that point, but I think the hon. Gentleman has got the incentives the wrong way around. The incentives are to maintain a large reserve fund because that gives a degree of comfort and prevents challenge. The point of the provision is to create an inventive if it is …..." Jesse Norman - View Speech
"This is the second debate in which I have had the pleasure of speaking this week, Mr Deputy Speaker, and, as the fellow said, truly you’re getting to be a habit with me, and I thoroughly welcome that...." Jesse Norman - View Speech
"Let that be noted in the record. Thank you, Mr Deputy Speaker.
I congratulate my hon. Friend the Member for Weston-super-Mare (John Penrose) on fighting his way through the dragons of dragons’ den and, with his colleagues, securing the booty of this debate, which I greatly welcome. Whatever else its …..." Jesse Norman - View Speech
"It is an interesting suggestion that the changes may have cushioned the effect of price rises in the way the right hon. Lady describes. I thank her for that thought, and I would certainly like to give it some reflection...." Jesse Norman - View Speech
"This is really a debate about retail energy prices. The problems are less marked in many areas of the business market, but it is undoubtedly true that business bills must be kept as low as possible to encourage productivity. As my hon. Friend knows, the Government have undertaken several steps …..." Jesse Norman - View Speech
"The right hon. Lady’s point is well taken. One does not need to have read far into “The Wealth of Nations” to know that markets are most effective not only when they are as deep as possible—when the benefits of specialisation and the division of labour, and therefore value generation, …..." Jesse Norman - View Speech