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Energy Bill

We need new investment in generation capacity of £95 billion to £200 billion. Companies such as EDF want to know whether the policy framework will be secure into the future, because in a difficult capital market it is hard to see where those sums will come from. We must remember that of the big six players in the UK, four are truly international companies. It is far from clear that money will be invested in this country, so we must ensure that we have a set of policies that can encourage investment into the future. At the cornerstone of those policies is a robust and high carbon price.