L

Lord Whitehead (Lab)

Speaking in the House of Lords on 21 April 2026

Debate

Electricity: Domestic Pricing

Contribution

Imposing an extra windfall tax, on those elements of the system that are within the renewables orbit but outside the CfD arrangements, takes away the excess profits that those elements make as a result of being aligned with gas in charging those volatile prices. So it is a very sensible thing to do, to make sure that excess profits are not taken from consumers but instead reside with them as lower prices.

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