Here are the climate-related sections of speeches by MPs during the Commons debate Draft Electricity Supplier Payments (Amendment) Regulations 2026.
10:57 Michael Shanks (Labour)
The LCCC acts as the revenue collection counterparty for the regulated asset base for new nuclear under the Nuclear Energy (Financing) Act 2022. It is anticipated that, subject to future policy decisions and the will of Parliament, the LCCC will conduct additional work to support Government under the Energy Act 2013. That includes work on a new scheme supporting the deployment of large-scale bioenergy with carbon capture and storage, as well as work related to proposals by the Department for Energy Security and Net Zero to support nuclear generation and around potentially supporting landfill gas generation. The ESC administers the capacity market scheme. Those schemes will incentivise the significant investment that is required in our electricity infrastructure, keep costs affordable for consumers and help to deliver our clean power mission while delivering on energy security.
Under the Energy Act, DPAs are agreements modelled on CfDs. They have been designed to instil confidence among investors for power carbon capture and storage projects and to incentivise the availability of low-carbon, non-weather-dependent dispatchable generation capacity. The LCCC signed its first DPA on 19 November 2024, which related to the Net Zero Teesside power project. That pioneering project in the north-east aims to build the world’s first commercial-scale gas-fired power station with carbon capture and storage. Over the next three years, the LCCC is expected to sign additional DPAs, which will drive the private sector investment required to bring forward further power carbon capture and storage projects by the mid-2030s. The LCCC will be the counterparty for those, and funds have been included within the budgets before us to support that role.
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14:40 Pippa Heylings (Liberal Democrat)
That is why we need urgently to turn to renewable energy sources, continue to develop the infrastructure and technology that will actually support an energy secure future, and move away from over dependence on volatile fossil fuel imports. Given that, it is important that electricity suppliers can recover sufficient funds to cover their expected operational costs. I fully recognise the need to support clean energy schemes that will actively boost our energy security and resilience for decades to come.
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