M

Member

Speaking in the House of Lords on 10 June 2026

Debate

Contracts for Difference (Allocation) (Amendment) Regulations 2026

Contribution

I am absolutely in favour of recognising that a government body will make mistakes. There needs to be a framework to address those mistakes, and potential applicants need to be aware of them. But I am quite surprised because I have never known, in 40-odd years, a statutory instrument that effectively says, “By the way, this is what we’re going to do when we make mistakes”. But at least it is clear to the industry, and I am not surprised that the majority supported it. I looked at all the responses from different industry members. Their support for these changes was not unanimous by any means, but I was left with the thought that NESO is providing itself with a shovel to dig itself out of a hole.

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