Member

45: After Clause 7, insert the following new Clause— “Reviews of Great British Energy’s effectiveness and impact(1) The Secretary of State must appoint an independent person to carry out reviews of—(a) the effectiveness of Great British Energy in delivering its strategic priorities, and(b) the extent to which its investments in particular projects or types of project have encouraged additional investment in those projects or types of project by the private sector.(2) After each review, the independent person must—(a) prepare a report of the review, and(b) submit the report to the Secretary of State.(3) On receiving a report, the Secretary of State must—(a) publish the report, and(b) lay a copy of the report before Parliament.(4) The first report must be submitted to the Secretary of State within the period of 3 years beginning with the day on which this Act comes into force.(5) Subsequent reports must be submitted to the Secretary of State at intervals of not more than 3 years.(6) In this section, references to an “independent person” are to a person who appears to the Secretary of State to be independent of—(a) the Department of Energy and Net Zero, and(b) Great British Energy.”Member's explanatory statement This amendment would require an independent review of the effectiveness of Great British Energy in achieving its objectives and the extent to which it has encouraged private investment every 3 years.