Clause 5 - Gas and Electricity Markets Authority

Part of Sustainable Energy Bill – in a Public Bill Committee at 11:15 am on 24 June 2003.

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Question proposed, That the clause stand part of the Bill.

The Chairman: With this we may take new clause

3—Use of certain money held by Gas and Electricity Markets Authority.

Brian White: My original clause 5 provided powers to use the surplus from the fossil fuel levy fund to promote sustainable energy. New clause 3, which would replace it, has a similar effect but addresses some of the accounting concerns that arose when new clause 5 was originally published. Given the shortage of time, I will not go into details but clause 5 and the new clause that will replace it provide a means for the Government to access the surplus and pay the money through the consolidated fund, to ensure that it is properly accounted for to the House. It restricts the amount of money to £60 million, the amount of funding for renewables announced in the energy White Paper. It is underpinned by the availability of the windfall surplus and levy fund.

New clause 3 thus provides the means to fulfil one of the Government's important energy White Paper commitments.

Mr. Timms: I support my hon. Friend's helpful proposal.

Question put and negatived.

Clause 5 disagreed to.