L

Lord Kerr of Kinlochard (CB)

Speaking in the House of Lords on 23 June 2025

Debate

Contracts for Difference (Miscellaneous Amendments) (No. 2) Regulations 2025

Contribution

The alleged saving is compared with the current price, which is astonishingly high. It is a saving because the wholesale price of electricity all over is going down. The contracts for difference for wind power are now being set at a level about two-thirds of where they were a couple of years ago. This minor saving compared with the previous exorbitant level of subsidy should not be exaggerated.

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