Energy: Prices

Question

Asked by

Lord Taylor of Warwick
To ask Her Majesty's Government what measures they are taking to protect the United Kingdom from volatile energy prices, in the light of their plans to cut carbon dioxide emissions by 34 per cent. [HL5222]

The Minister of State, Department of Energy and Climate Change (Lord Hunt of Kings Heath)
The Government are taking a number of measures to promote security of supply and thus reduce price volatility, including: updating the planning and consenting regimes for gas supply infrastructure to facilitate capacity investment, continuing to push for liberalisation of EU energy markets, and promoting energy efficiency. Greater reliance on renewable energy sources will also reduce the UK's exposure to fluctuations in global energy prices.