Below the ‘floor’ consumers or taxpayers top up revenues,while earnings above the ‘cap’ are returned in whole or in part to them. and other supporting measures.iiScottish National Investment Bank, written submission; ILU Group, written submission; Scottish Renewables, written submission; Official Report, 21 March 2023, cols 3 and 27 The Cabinet Secretary told us that:
we hope that the UK Government will listen to the requests that have been made around ensuring that the process is as smooth as possible.iiiOfficial Report, 9 May 2023, col 16
In response to a question about creating a market mechanism for hydro power, Mr Bowie said that "we absolutely do support" this but that the matter was being considered by the Treasury, and that the Committee's support to speed up the Treasury's decision-making on this matter would be welcome.ivOfficial Report, 27 April 2023, cols 7...