Proceeding contribution from Barry Gardiner (Labour) in the House of Commons on Wednesday, 14 September 2011. It occurred during Debate on bill on Energy Bill (HL).

Energy Bill [Lords]

The Minister has explained candidly that the ECO is a regressive measure that will be imposed on general utility bill payers and that it will be an additional cost for them. He has also alluded to the fact that the Government removed the cost of carbon capture and storage from those bills on coming into office. Will he give an undertaking that the additional amount he proposes to impose on bill payers through the ECO will not be greater than what he and his Government have already taken off bill payers through their previous measures? He talks of securitisation in the bond markets, but will he explain how a default rate can be estimated, given his assertion that there will be no possibility of defaulting on that part of the bill?

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Type: Proceeding contribution
Reference: 532 c1069
Session: 2010-12
Chamber / Committee: House of Commons chamber
Subjects: Disclosure of information Consumers Decommissioning Conservation Climate change Apprentices Billing Finance Environment protection Energy Fuel poverty Housing improvement Insulation Interest rates Landlord and tenant Local government Low incomes Protection Ministerial responsibility Payments Nuclear power stations Ministers Prices Private rented housing Subsidies Green Investment Bank Green deal scheme Energy company obligation Social tariffs
Legislation: Energy Bill (HL) 2010-12
Link: View this Proceeding contribution on www.publications.parliament.uk

Energy Bill [Lords]

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