Clause 4
Energy Bill
1:15 pm
Hugo Swire (East Devon, Conservative)
The Minister has just informed the Committee that licences may be granted for up to 40 years. Presumably the value of that licence will depend largely on what is being licensed. For that period it might vary enormously, in terms of supply, and so forth. What mechanism has been built into the licensing, or indeed the Bill, that would allow the value of the licence to be readdressed at any point while it was in force?