Energy Prices Debate
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Lord Geddes
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Energy Prices
Lord Geddes Excerpts(1 month, 1 week ago)
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Lord Hunt of Kings Heath (Lab)
My Lords, I cannot give a definitive date for future legislation, as the noble Earl will understand, but he is right about market reform. We are considering fundamental changes, including zonal pricing. I understand that the previous Government looked at marginal pricing when they started their work but decided not to make any changes. On input, I would be very glad to meet with the noble Earl to discuss his proposals.
Lord Geddes (Con)
My Lords, the Minister will not be surprised by my question: what price tidal power?
Lord Hunt of Kings Heath (Lab)
My Lords, it depends on whether tidal power can offer value for money. I recently met with a number of developers who are interested in developing tidal power. I understand their passion and the potential, but we must ensure that it provides value for money. However, the door is open to further discussions.