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169348

registered interest
date	10/12/2014
answering body	Department for Energy and Climate Change
answering dept id	63
answering dept short name	Energy and Climate Change
answering dept sort name	Energy and Climate Change
hansard heading	Energy
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government what assessment have they made of local authorities setting up energy companies to provide cheaper energy to their residents.
tabling member printed	Lord Kennedy of Southwark
uin	HL3634
answer	answer is ministerial correction date of answer 18/12/2014 answer text <p>This Government is keen to understand the re-emergence of local authorities as energy companies and the potential benefits to their residents. In order to tackle the barriers surrounding this we launched the UK’s first Community Energy Strategy in January 2014 and we take views from a Local Supply Working Group.</p><p>Our Strategy recognises that local authorities are crucial to community energy activities and sets out how Government intends to help communities build strong and productive partnerships with the public sector. One of the commitments is to carry out a sector survey in 2016, including a local authority section.</p><p>We welcome recent developments in local authority engagement in the energy sector, for example, Cheshire East Council is the first local authority to have entered into a partnership with Ovo Energy under their new ‘Communities’ tariff. It is too early to make an assessment of these developments as the details are still being finalised.</p><p>In addition we expect to know the outcome early next year of the application by the Greater London Authority for a “Licence Lite”– if successful, the GLA will be the first authority to take advantage of Ofgem’s streamlined arrangements for supplying electricity.</p> answering member printed Baroness Verma question first answered 18/12/2014 14:52:49 answering member 3790 label Biography information for Baroness Verma
tabling member	4153 label Biography information for Lord Kennedy of Southwark

169349

registered interest
date	10/12/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Mutual Societies
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government what consideration have they given to moving the legislative function for co-operative and community benefit societies from HM Treasury to the Department for Business, Innovation and Skills.
tabling member printed	Lord Kennedy of Southwark
uin	HL3635
answer	answer is ministerial correction date of answer 19/12/2014 answer text <p>The Government does not hold official statistics on co-operatives. Relevant data is held by the Financial Conduct Authority, some of which they publish online.</p><p> </p><p> </p><p> </p><p>The legislative function for co-operative and community benefit societies resides with HM Treasury; there are currently no plans to change this.</p><p> </p><p> </p><p> </p><p>The Financial Conduct Authority is the registrar for co-operatives and community benefit societies. It has no regulatory functions over societies which are not also authorised to carry out financial services activities.</p><p> </p><p> </p><p> </p><p>The Government is content that the legislative framework in place supports innovation in co-operative capital. The government has implemented a package of measures this year to strengthen the co-operative sector. This includes increasing the amount of withdrawable share capital an individual can invest in a society from £20,000 to £100,000, making it easier and cheaper for co-operative societies to raise capital.</p><p> </p><p> </p><p> </p> answering member printed Lord Deighton grouped question UIN HL3636 HL3637 question first answered 19/12/2014 12:52:34 answering member 4262 label Biography information for Lord Deighton
tabling member	4153 label Biography information for Lord Kennedy of Southwark

169350

registered interest
date	10/12/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Cooperatives
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government what assessment they have made of the quality of and ease of access to official data on co-operatives.
tabling member printed	Lord Kennedy of Southwark
uin	HL3636
answer	answer is ministerial correction date of answer 19/12/2014 answer text <p>The Government does not hold official statistics on co-operatives. Relevant data is held by the Financial Conduct Authority, some of which they publish online.</p><p> </p><p> </p><p> </p><p>The legislative function for co-operative and community benefit societies resides with HM Treasury; there are currently no plans to change this.</p><p> </p><p> </p><p> </p><p>The Financial Conduct Authority is the registrar for co-operatives and community benefit societies. It has no regulatory functions over societies which are not also authorised to carry out financial services activities.</p><p> </p><p> </p><p> </p><p>The Government is content that the legislative framework in place supports innovation in co-operative capital. The government has implemented a package of measures this year to strengthen the co-operative sector. This includes increasing the amount of withdrawable share capital an individual can invest in a society from £20,000 to £100,000, making it easier and cheaper for co-operative societies to raise capital.</p><p> </p><p> </p><p> </p> answering member printed Lord Deighton grouped question UIN HL3635 HL3637 question first answered 19/12/2014 12:52:34 answering member 4262 label Biography information for Lord Deighton
tabling member	4153 label Biography information for Lord Kennedy of Southwark

169351

registered interest
date	10/12/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Cooperatives
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government what assessment they have made of the effectiveness of the legal and regulatory frameworks in supporting innovation in co-operative capital.
tabling member printed	Lord Kennedy of Southwark
uin	HL3637
answer	answer is ministerial correction date of answer 19/12/2014 answer text <p>The Government does not hold official statistics on co-operatives. Relevant data is held by the Financial Conduct Authority, some of which they publish online.</p><p> </p><p> </p><p> </p><p>The legislative function for co-operative and community benefit societies resides with HM Treasury; there are currently no plans to change this.</p><p> </p><p> </p><p> </p><p>The Financial Conduct Authority is the registrar for co-operatives and community benefit societies. It has no regulatory functions over societies which are not also authorised to carry out financial services activities.</p><p> </p><p> </p><p> </p><p>The Government is content that the legislative framework in place supports innovation in co-operative capital. The government has implemented a package of measures this year to strengthen the co-operative sector. This includes increasing the amount of withdrawable share capital an individual can invest in a society from £20,000 to £100,000, making it easier and cheaper for co-operative societies to raise capital.</p><p> </p><p> </p><p> </p> answering member printed Lord Deighton grouped question UIN HL3635 HL3636 question first answered 19/12/2014 12:52:34 answering member 4262 label Biography information for Lord Deighton
tabling member	4153 label Biography information for Lord Kennedy of Southwark