Proceeding contribution from Lord Teverson (Liberal Democrat) in the House of Lords on Tuesday, 8 February 2011. It occurred during Debate on bill and Committee proceeding on Energy Bill [HL].
Energy Bill [HL]
In terms of home energy costs, surely price elasticity is directly related to the income group that you are relating to. In a fuel poverty area, price elasticity is extremely high, which is one of the big problems of the energy crisis that the noble Lord is talking about. At the higher income levels, price elasticity is remarkably low, which I should think is the thing that affects price elasticity rather than the particular source of energy.
Secondary information
- Type
- Proceeding contribution
- Reference
- 725 c62GC
- Session
- 2010-12
- Chamber / Committee
- House of Lords Grand Committee
- Subjects
- Conservation Housing Licensing Energy Heating Exploration Prices Offshore industry National park authorities Renewable energy Taxation Wind power Broads Authority Coal Authority Geothermal power
- Legislation
- Energy Bill (HL) 2010-12
- Link
- View this Proceeding contribution on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2023-12-15 20:58:57 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_712460
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