Trade and Industry
John Hemming (Birmingham, Yardley, Liberal Democrat)
Malcolm Wicks (Minister of State, Department of Trade and Industry; Croydon North, Labour)
The recent review of the UK's energy policy confirmed the Government's view that security of supply is best ensured by a competitive and liberalised market-based system. Coupled with a light touch regulatory framework, this facilitates the short-term balancing of supply and demand, and provides the price signals and incentives to encourage investment for the longer term in diverse supplies. Two outcomes from the Energy Review address security of gas supply: DTI is working to streamline consent regimes for gas supply infrastructure projects, and is also consulting on possible ways to further improve the effectiveness of the current UK gas security of supply arrangements.