UK Parliament / Open data

Nuclear Energy (Financing) Bill

Sorry, I have been trying to find a space to get into a number of amendments here. On the debate we have just been having, I shall quote Steve Holliday, the CEO of National Grid, who said in 2015 that the idea of nuclear for baseload was “outdated” and that:

“From a consumer’s point of view, the solar on the rooftop is going to be the baseload. Centralized power stations will be increasingly used to provide”

variable power.

In the interests of taking us forward, I will speak fairly briefly to my Amendments 7, 8 and 23 in this group. I apologise if Amendments 7 and 8 might have been better grouped with Amendment 2, which I did not spot at the time.

Amendment 7 seeks to ensure that nuclear companies be either a not-for-profit entity, a co-operative, a community-interest company or wholly owned by UK public authorities. This comes back to the point about the ownership of the designated nuclear company and a point I made earlier. I will not replay it at length, but we have very often seen through our whole system of privatised public services—railways, power companies, et cetera—the socialisation of costs and the privatisation of profits. This is an attempt to say that this is a core public service: this is not a competition, and it should be provided through that means of ownership.

7.15 pm

I will also comment very briefly on Amendment 23 in my name, about what happens when a nuclear company is sold. This addresses the issues I referred to in group two. It is to make sure that, whatever rules we have, they continue to be the rules.

Type
Proceeding contribution
Reference
819 c447GC 
Session
2021-22
Chamber / Committee
House of Lords Grand Committee
Subjects
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