Energy Bill

A company that is allocating hundreds of millions or billions of pounds to new projects must look at the long-term environment in which it is investing. What we are seeking to do, in conjunction with many of the Minister's hon. Friends, is to provide that clarity in the shortest possible time scale. This is about securing investment rather than driving it away. Business is not overwhelmingly concerned about the principle of the EPS but about the level of it—that will determine whether investment is or is not made.