Baroness Pidgeon (LD)

My Lords, this group of amendments is trying to tease out the details around revenue certainty mechanism contracts. Amendment 2 from the noble Lord, Lord Moylan, says that the contracts must not exceed 10 years and must have a no-cost break clause at five years. Amendment 3 from the noble Baroness, Lady Bloomfield, on the other hand, wants the contracts to be increased from 10 to 20 years—we have already heard the reasons around that. So there is a difference in thinking from the two Members. However, what is key here and clear from the debate so far is that flexibility is needed, depending on the type of industry involved here. The Minister briefed Members about the thinking behind the 10-year contracts at a recent meeting, so I hope he can explain from the Dispatch Box to reassure Members that the Government have in mind the right length of contracts for this emerging area. Amendment 5 in the name of the noble Lord, Lord Ravensdale, as he outlined, is trying to put flesh on the bones of the revenue certainty contracts by developing an allocation framework similar to contracts for difference for energy. Although Amendment 6 looks at the role and amount of revenue certainty contracts for power to liquid fuels, both of these are really important points which I hope the Minister can address, as well as whether this is the right stage for such detail or whether some of that should be coming through at secondary legislation stage.