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Written question asked by Lord Jenkin of Roding (Conservative), in the House of Lords. It was due for an answer on Monday, 3 November 2003. It was answered by Lord Sainsbury of Turville (Labour) on Monday, 3 November 2003.


Sainsbury of Turville, Lord

Question
What measures they are taking to restore confidence to the market in renewable obligation certificates so as to assist firms seeking finance for developing renewable electricity generation; and whether they will use some of the £100 million surplus funds raised through auctioning output from non-fossil fuel obligations contracts to fill the hole in the renewables obligation buy-out fund; and when they expect to learn the outcome of their discussions with the Office of Gas and Electricity Markets aimed at seeking a resolution of the problems caused by the administration of the TXU Europe Group not meeting the deadline for paying the sum due to the renewables obligation buy-out fund; and whether they will allocate the £60 million earmarked in the Sustainable Energy Bill for promoting the use of energy from renewable sources to the renewables obligation buy-out fund, in order to restore confidence to the market in such certificates. [HL 4981;HL 4982;HL 4956;HL 4958]. - Inc figures.

Secondary information

Type
Written question
Reference
654 c79-80WA; HL 4981;HL 4982;HL 4956;HL 4958
Session
2002-03
Subjects
Company liquidations Certification Finance Electricity generation Renewable energy Non-fossil fuel obligation Renewables obligation TXU Energi
Contains statistics
Yes