Ukraine crisis: Lords count cost to industry

On Tuesday 8 March 2022 the House of Lords Economic Affairs Committee will be taking evidence from Professor Sir Dieter Helm CBE, University of Oxford and Dan Monzani, Managing Director of Aurora.
 
At 3pm the committee will hear evidence from Professor Helm. Dan Monzani will give evidence at 4pm. Questions the committee is likely to cover in these sessions include:

•  How should the UK’s energy policy change in response to the crisis in Ukraine?
• What effect will Europe’s move away from Russian gas dependency have on security and affordability of supply?
• The EU taxonomy includes nuclear and gas as green investments, should these energy sources be considered green as part of the UK’s taxonomy?
• Will the UK’s introduction of mandatory financial disclosures be effective?
• What role should government or financial regulators play in encouraging investment in energy storage to address the renewable intermittency problem?
• Does the UK require more extensive carbon pricing to encourage investment in green energy supply?

 
The committee’s UK energy supply and investment inquiry is finding out if the Government’s energy strategy is delivering investment in an energy supply that is resilient, affordable and in line with achieving net zero emissions. The focus of this inquiry is on long-term energy policy and trends in the energy market.

Gas prices are of particular concern to industriy because natural gas is used not just for premises heating but also for process heating and accounts for around 40% of UK electricity generation.
 
www.parliament.uk/lords/