Here you can browse the report together with the Proceedings of the Committee. The published report was ordered by the House of Commons to be printed 17 July 2012.
Terms of Reference
Summary
1 Introduction
The pre-legislative scrutiny process
Role of the Treasury
Suggestions that the Bill be scrapped
Structure of this report
2 Omissions and unintended consequences from the draft Bill
A lack of detail: a framework Bill
Clarity about the key goals of the Bill
Improving clarity about decarbonisation
Improving clarity about minimising costs to consumers
Improving clarity about energy security
Proposed amendments to the draft Bill
Demand-side measures
An "Obligation" to source renewable energy
The Bill is likely to result in increased vertical integration and reduced competition
Fewer opportunities for smaller-scale players and CHP
3 Contracts for Difference
Counterparty model
The shift from a single counterparty underwritten by government to multiparty counterparty model
DECC's current proposal (a multiparty counterparty)
The third way: a single counterparty without Government underwriting
The need for a more rigorous Impact Assessment
Allocation of CfDs: the Levy Control Framework and use of auctions
Impact of HM Treasury's Levy Control Framework
Use of auctions
Ensuring routes to market
Other issues
Length of contracts
Setting the strike price
The strike price for nuclear
The likely cost of nuclear
Longer-term price visibility
State aid and a "one-size fits all" package
4 Investment Instruments
5 Capacity Mechanism
Need for the mechanism
Uncertainty over the mechanism
Design of the mechanism
Minimising costs for consumers
Technology options for providing capacity
Generation technologies
Non-generation technologies
6 Conflicts of Interest
7 Emissions Performance Standard
Grandfathering
Exemption for carbon capture and storage
Parliamentary Procedure
8 Timetable for delivery
Is a backup plan needed?
9 Wider concerns about the draft Bill
Political leadership in communicating costs
Clarity about the future role of gas
The Bill has the potential to damage low-carbon jobs and industries
Re-regulation of the energy system
A proper assessment of costs
10 Conclusion
Recommendations
Annex 1: Note from roundtable meeting
Are the current proposals investable?
Government engagement with the finance community
Making CfDs work
Capacity mechanism
Political leadership
The future role of gas
The future role of renewables
List of participants
Annex 2: Proposed amendments in conventional format for consideration during Committee Stage
Formal Minutes
Witnesses
List of printed written evidence
List of additional written evidence
List of reports from the Committee during the current Parliament Oral and written evidence - HC 275-II
Tuesday 12 June 2012: Keith Anderson, Chief Corporate Officer, Scottish Power,Ian Marchant, Chief Executive, SSE, and Sara Vaughan, Director of Strategy and Regulation, E.ON UK; Vincent de Rivaz CBE, Chief Executive Officer, EDF Energy, John McElroy, Director of Policy and Public Affairs, RWE npower, and Sarwjit Sambhi, Managing Director of the Power Generation, Centrica
Tuesday 19 June 2012 (morning): Dr David Kennedy, Chief Executive, Committee on Climate Change,Professor Catherine Mitchell, Professor of Energy Policy, University of Exeter,Professor David Newbery, Emeritus Professor of Economics, University of Cambridge,and Simon Skillings, Senior Associate, E3G; Ian Temperton, Head of Advisory, Climate Change Capital,Nick Gardiner, Senior Director, Energy and Infrastructure, BNP Paribas, on behalf of the Low Carbon FinanceGroup, Shaun Kingsbury, Partner Hudson Clean Energy Partners, on behalf of the LowCarbon Finance Group, Gaynor Hartnell, Chief Executive, Renewable Energy Association, and Gordon Edge, Director of Policy, Renewable UK
Tuesday 19 June 2012 (afternoon): Asif Rehmanwala, Generation and Trading Director, Ecotricity, Ed Gill, Head of External Affairs, Good Energy, Andy Taylor, Energy Markets Group Director, InterGen, Gordon MacDougall, Chief Operating Officer, Renewable Energy Systems UK and Ireland Ltd, Dr Steve Riley, Chief Executive Officer and President, UK-Europe, International Power Plc, and Jonathan Smith, Head of Pricing and Risk Management, First Utility; Rhian Kelly, Director of Business Environment, CBI,Richard Hall, Head of Energy Regulation, Consumer Focus, Paul Steedman, Senior Campaigner, Friends of the Earth, Dustin Benton, Senior Policy Adviser, Green Alliance, and Nick Molho, Head of Energy Policy, Climate Change Team, WWF UK
Tuesday 26 June 2012 (morning): Nick Winser, Executive Director, and Mark Ripley, Project Director, Electricity Market Reform, National Grid
Tuesday 26 July 2012 (afternoon): Rt Hon Edward Davey MP, Secretary of State,Charles Hendry MP, Minister of State, Kathyrn Wood, Bill Team Manager, Jonathan Brearley, Director, and Simon Virley, Director General, Energy Markets and Infrastructure, Department of Energy and Climate Change
Written evidence
Additional written evidence
