Lords energy inquiry: Energy minister and Ofgem director to give evidence
On Tuesday 24 May, the Economic Affairs Committee holds its next evidence session on UK energy supply and investment.
At 3pm, evidence will be taken from from Greg Hands MP, Minister for Energy, Clean Growth and Climate Change. He will be joined by Ofgem’s Networks Director Akshay Kaul.
Questions the committee is likely to cover in these sessions:
- Level of financial support needed by economically vulnerable people.
- Impact on consumer bills of updating the price cap more frequently.
- Difference additional investment in North Sea oil and gas could make to energy security and affordability.
- How the UK can reduce its dependency on China for the processing of the raw materials needed for renewable technologies.
- Bridging the £50 billion a year investment gap that will be needed to meet net zero targets.
- The planning forms needed to enable rapid deployment of renewables in response to the current energy crisis.
- How sufficient investment in grid infrastructure can be delivered to enable more renewables to be deployed.
The committee’s UK energy supply and investment inquiry is finding out if the Government’s energy strategy is delivering investment in an energy supply that is resilient, affordable and in line with achieving net zero emissions. The focus of this inquiry is on long-term energy policy and trends in the energy market.
These evidence sessions will be streamed live on Parliament TV