Here are the climate-related sections of speeches by MPs during the Commons debate Draft Electricity Supplier Obligations (Excluded Electricity) (Amendment) Regulations 2024 Draft Energy-Intensive Industry Electricity Support Payments and Levy Regulations 2024 Draft Electricity Capacity (Supplier Payment etc.) (Amendm....
16:31 Nus Ghani (Conservative)
The existing support has been in place since 2017. Since then, more than 370 businesses have benefited and will continue to benefit from an exemption from certain renewable energy levies. Under the new measures, businesses that are eligible for the exemption scheme will not only see an increase in the value of their exemption, from 85% to 100%, but benefit from a new exemption from the GB capacity market charges, as well as receiving compensation for a proportion of their network charges. Taken together, the Government estimate that that support could be worth, on average, around £24 to £31 per megawatt hour, closing the competitive gap between UK industrial energy prices and those faced by international partners.
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17:12 Patrick Grady (Glasgow North) (SNP)
In the long run the regulations are not a substitute for the wider reform of the energy market that needs to happen and the things that we would like to do with the full powers of independence—proper, sustained transitional investment in renewable energy and decoupling particularly the price of electricity, oil and gas. But none of those, the Committee is probably relieved to hear, are reasons for us to object to the instruments before us today.
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17:20 Nus Ghani (Conservative)
A review of the data underpinning the British industry supercharger will be carried out in 2026 to assess how the scheme continues to meet the needs of energy-intensive industries and whether it can go further in helping manufacturing remain competitive, while at the same time supporting this Government’s ambitions for decarbonisation. There have been some issues raised around subsidies and who fits in and who fits out. However, this is a good news story, which has been well costed, well documented and well evidenced.
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