§ Lord Lairdasked Her Majesty's Government:
What assessment they made of the strategic development importance of natural gas when designing the gas transportation tariffs in the United Kingdom. [HL1330]
§ The Parliamentary Under-Secretary of State, Department of Trade and Industry (Lord Sainsbury of Turville)In Great Britain gas transportation tariffs are levied by Transco and regulated by Ofgem through licence conditions, including the licence condition relating to the price control.
In setting the price control, Ofgem is mindful of the need to ensure that Transco has sufficient finance and incentive to invest in additional capacity to meet future gas needs.