The hon. Gentleman asked a fair question. Clearly, if we are recovering costs through savings on people's energy bills and meter charges, there is a risk of default. That risk also applies to people paying their energy bills through the gas or electricity meter, and it is about 2 per cent. If we include that 2 per cent. default rate in the cost of the scheme, and spread it out for everyone, it is perfectly manageable and financeable. It can be managed without requiring a huge injection of public funds.
Energy and Climate Change and Environment, Food and Rural Affairs
Proceeding contribution from
Greg Clark
(Conservative)
in the House of Commons on Tuesday, 24 November 2009.
It occurred during Queen's speech debate on Energy and Climate Change and Environment, Food and Rural Affairs.
Type
Proceeding contribution
Reference
501 c433 
Session
2009-10
Chamber / Committee
House of Commons chamber
Subjects
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Timestamp
2024-04-22 00:23:07 +0100
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