Member

Today’s statutory instrument is essential in propelling the UK’s transition to a cleaner power system. The Department for Energy Security and Net Zero, as has been mentioned by noble Lords, has undertaken two consultations on the proposals with industry stakeholders, and the sector would appear to support the regulations. That highlights the sector’s readiness to make the transition. It also indicates support from the private sector in meeting these goals. To conclude, I welcome and support the regulations introduced today, which build largely on the legacy business competition model set up by the previous Government. Let us now call upon our vital gas providers to seize this opportunity and embrace these reforms as a catalyst for a real and lasting improvement to our energy system.