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Proceeding contribution from Lord Teverson (Liberal Democrat) in the House of Lords on Tuesday, 24 June 2008. It occurred during Debate on bill and Committee proceeding on Energy Bill.


Energy Bill

I do not understand the case put by the Minister. If you want to de-risk the decommissioning fund, which is a key thing that we all want to do, the easiest way to do so is to take it out of the legal circumference of the operator altogether, and that can be done by paying cash to whichever fund it goes into at the time on a per kilowatt hour basis, an operational time basis or whatever the basis needs to be. That would solve the whole problem and taxpayers would have certainty. It would mean that the public sector had to manage the fund but I am sure that it could delegate that as effectively as an energy operator—it is not the core business of either the public sector or energy operators. I do not understand why that is not seen as a straightforward solution. Certainly, as a taxpayer, I would feel far better about that solution than I would about trying to put national laws around international operators. It seems a simple principle to me.


Secondary information

Type
Proceeding contribution
Reference
702 c594GC 
Session
2007-08
Chamber / Committee
House of Lords Grand Committee
Subjects
Disclosure of information Devolved matters Decommissioning Assets Costs Climate change Devolution Carbon dioxide Environment protection Energy Electricity generation Fines Insolvency Insurance Hazardous substances EU emissions trading scheme France Local government Planning Radioactive waste Nuclear power Nuclear Decommissioning Authority Power stations Scotland Security Safety Waste management Renewable energy Waste disposal Nuclear Installations Inspectorate Methane Committee on Radioactive Waste Management Greenhouse gas emissions
Legislation
Energy Bill 2007-08
Link
View this Proceeding contribution on www.publications.parliament.uk