18:23 Alan Brown

Finally, Sir Roger, I want to mention another aspect of the Energy Prices Act 2022: the decoupling of renewable energy generation from prices based on gas. When will the Government come forward with timescales for supernormal revenue proposals? When will we start to see that take shape? Are the Government undertaking an open consultation with energy trade bodies and energy generators? The RPC points out that we need to ensure that they do not disincentivise investment in renewables. We also need to look at what the EU is doing and the impact that EU schemes are having on electricity generation in terms of renewables, and we must make sure the Government understand that and either mirror or improve the EU scheme.

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