Member

I do have some reservations. For example, the criteria for making the final decision are too prescriptive in my view. Similarly, I do not agree with some of the revisions to the “state of the game” process, and I do not believe it should be up to the regulator to decide how long the parties should be able to contract for. However, in the end, the current process is so flawed that we should not let the perfect be the enemy of the good. The core process outlined by the noble Lords’ amendments would represent a substantial overall improvement. It is a proven, knowable process; it is fairer and would reduce legal, political and economic risks.