Clause 94 - Consents for generating stations offshore
Energy Bill [Lords]
10:45 am
Mr Stephen Timms (Minister of State (e-Commerce & Competitiveness), Department of Trade and Industry; East Ham, Labour)
Investment in the grid will have to be paid for by electricity consumers. Ofgem is undertaking a price review exercise looking at all the electricity companies' proposals for investment, all of which will need to be paid for. We cannot have investment without the means to fund it.