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1148730

registered interest
date	14/10/2019
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Electricity Generation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, how the Government plans to meet the projected shortfall in electricity supply by 2050 while achieving net zero-emissions targets; what changes to Government policy will be required; what energy mix will provide the best value for money for the taxpayer to meet that shortfall; and how much of that growth in electricity output will come from onshore wind power.
tabling member constituency	Scunthorpe
tabling member printed	Nic Dakin
uin	140
answer	answer is ministerial correction date of answer 17/10/2019 answer text <p>This Government is committed to delivering net zero emissions by 2050 which will require significant effort in all sectors. We are currently considering next steps in the light of the recent commitment to net zero. In power, we have made great progress in decarbonising electricity generation whilst meeting demand, and over half our electricity generation was from low-carbon sources last year, up from 23% in 2010.</p><p> </p><p>As we continue to reduce emissions the exact mix of the electricity system will be affected by the approach to decarbonisation in other sectors, technology costs and the emergence of new technologies. It is not for government to prescribe the proportion of generation that will come from any specific technology in 2050; rather the role of government will be to enable the market to deliver the levels of deployment required whilst minimising both emissions and systems costs.</p><p> </p><p>A diverse mix is likely to be required. We agree with the CCC Net Zero report that the falling cost of renewables means that they are likely to provide the majority of capacity in any low cost, low carbon system. Renewable generation would be complimented with firm low-carbon generation provided from sources such as nuclear and gas or biomass generation with carbon capture, usage and storage. In addition, we expect to see a significant increase in the levels of flexibility and storage in the electricity system.</p><p> </p><p>We will be setting out our more detailed plans in due course in a future White Paper.</p> answering member constituency Spelthorne answering member printed Kwasi Kwarteng question first answered 17/10/2019 14:38:51 answering member 4134 label Biography information for Kwasi Kwarteng
tabling member	4056 label Biography information for Nic Dakin

1148755

registered interest
date	14/10/2019
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Iron and Steel: Manufacturing Industries
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps she will take to ensure there is no price disparity in electricity costs for the UK steel sector compared with its international competitors.
tabling member constituency	Scunthorpe
tabling member printed	Nic Dakin
uin	153
answer	answer is ministerial correction date of answer 18/10/2019 answer text <p>The Government is committed to minimising energy costs for businesses to ensure our economy remains strong and competitive. The ability of our steel industry to compete globally and across Europe is a priority for this Government.</p><p> </p><p>We have taken steps to reduce the cumulative impact of energy and climate change policies on industrial electricity prices for the steel sector and other key energy intensive industries. This includes paying over £300m compensation to the steel sector since 2013.</p><p> </p><p>We have a number of funds available to energy intensive industries, including steel, to help them increase energy efficiency and transition to a low carbon future. These funds include the £315 million Industrial Energy Transformation Fund, the Industrial Heat Recovery Support Programme and the recently announced £250 million Clean Steel Fund.</p> answering member constituency Stratford-on-Avon answering member printed Nadhim Zahawi question first answered 18/10/2019 12:59:47 answering member 4113 label Biography information for Nadhim Zahawi
tabling member	4056 label Biography information for Nic Dakin

1148756

registered interest
date	14/10/2019
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Iron and Steel: Manufacturing Industries
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment she has made of the benefits to the (a) economy and (b) steel sector of the UK steel sector’s commitment to increase capital investment in the UK by a quarter should steps be taken to reduce the price disparity on electricity costs between the UK steel sector and its international competitors.
tabling member constituency	Scunthorpe
tabling member printed	Nic Dakin
uin	154
answer	answer is ministerial correction date of answer 18/10/2019 answer text <p>The ability of our steel industry to compete globally and across Europe is a priority for this Government. We therefore provide electricity cost compensation and exemption support to maintain the UK’s reputation as an attractive location for these businesses.</p><p> </p><p>In 2017, the Department commissioned independent research identifying high value opportunities for UK steel, worth up to £3.8 billion a year by 2030(1). To access these opportunities, as well as match funding grants for R&amp;D, significant investment will need to be made by the sector.</p><p> </p><p>We have a number of funds available to energy intensive industries, including steel, to help them increase energy efficiency and transition to a low carbon future. These funds include the £315 million Industrial Energy Transformation Fund, the Industrial Heat Recovery Support Programme and the recently announced £250 million Clean Steel Fund.</p><p> </p><p> </p><p><em>1. Future capacities and capabilities of the UK steel industry: <a href="https://www.gov.uk/government/publications/uk-steel-industry-future-market-opportunities" target="_blank">https://www.gov.uk/government/publications/uk-steel-industry-future-market-opportunities</a></em></p> answering member constituency Stratford-on-Avon answering member printed Nadhim Zahawi question first answered 18/10/2019 12:59:52 answering member 4113 label Biography information for Nadhim Zahawi
tabling member	4056 label Biography information for Nic Dakin

1148757

registered interest
date	14/10/2019
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Iron and Steel: Manufacturing Industries
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment she has made of the potential effect of Ofgem's Targeted Charging Review proposals on (a) costs to the UK steel sector, (b) steel making capability, (c) the manufacturing sector and (c) the local economy of steel producing areas.
tabling member constituency	Scunthorpe
tabling member printed	Nic Dakin
uin	155
answer	answer is ministerial correction date of answer 23/10/2019 answer text <p>Ofgem’s Targeted Charging Review is seeking to ensure all parties connected to the electricity network make a fair contribution to its fixed costs. This is consistent with Government’s views on the importance of an energy system that discourages free riding and ensures a fair distribution of costs, with solutions rewarded where they contribute to reduced system costs.</p><p> </p><p>Network charging is a matter for Ofgem as the independent regulator, and decisions on its review are for it to make. The analysis published by Ofgem is available at <a href="https://www.ofgem.gov.uk/electricity/transmission-networks/charging/targeted-charging-review-significant-code-review" target="_blank">https://www.ofgem.gov.uk/electricity/transmission-networks/charging/targeted-charging-review-significant-code-review</a>, Ofgem expects total consumer costs to reduce as a result of its proposals. Ofgem has yet to take its final decisions on the review - it is currently considering the views and evidence provided in response to its most recent consultation.</p> answering member constituency Stratford-on-Avon answering member printed Nadhim Zahawi question first answered 23/10/2019 12:59:28 answering member 4113 label Biography information for Nadhim Zahawi
tabling member	4056 label Biography information for Nic Dakin

1148758

registered interest
date	14/10/2019
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Iron and Steel: Manufacturing Industries
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what recent assessment she has made of the effect of non-competitive electricity prices on the steel sector’s ability to compete internationally.
tabling member constituency	Scunthorpe
tabling member printed	Nic Dakin
uin	156
answer	answer is ministerial correction date of answer 21/10/2019 answer text <p>We recognise that industrial consumers currently pay higher electricity prices than elsewhere in the EU. No specific assessment has been made on the impact of electricity price differential on UK steel sector’s competitiveness.</p><p> </p><p>The ability of our steel industry to compete globally and across Europe is a priority for this Government. We therefore provide electricity cost compensation and exemption support to maintain the UK’s reputation as an attractive location for these businesses.</p><p> </p><p>We have a number of funds available to energy intensive industries, including steel, to help them increase energy efficiency and transition to a low carbon future. These funds include the £315 million Industrial Energy Transformation Fund, the Industrial Heat Recovery Support Programme and the recently announced £250 million Clean Steel Fund.</p> answering member constituency Stratford-on-Avon answering member printed Nadhim Zahawi question first answered 21/10/2019 11:57:11 answering member 4113 label Biography information for Nadhim Zahawi
tabling member	4056 label Biography information for Nic Dakin

1148759

registered interest
date	14/10/2019
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Energy: Costs
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what progress her Department has made towards achieving the 2017 Conservative manifesto ambition to deliver lowest energy costs in Europe for (a) households and (b) businesses.
tabling member constituency	Scunthorpe
tabling member printed	Nic Dakin
uin	157
answer	answer is ministerial correction date of answer 21/10/2019 answer text <p>With around 60 domestic suppliers in the market households can make big reductions to their bills when they switch and save. As we continue to work with Ofgem to reform the sector our price cap on standard variable tariffs protects people who can’t or don’t switch, saving them between £75-£100 per year, in addition to the protection provided by the pre-payment meter price cap.</p><p> </p><p>The Government is also committed to minimising energy costs for businesses. We are consulting on the final design of the £315 million Industrial Energy Transformation Fund to support businesses with high energy use to cut their bills and emissions. This is in addition to the steps we have taken to reduce the cumulative impact of energy and climate change policies on industrial electricity prices for key Energy Intensive Industries (EIIs) in sectors such as steel, plastics, cement and chemicals. This includes a package of relief for EIIs worth over £900 million since 2013 until the end of financial year 2018/19.</p> answering member constituency Spelthorne answering member printed Kwasi Kwarteng question first answered 21/10/2019 11:57:18 answering member 4134 label Biography information for Kwasi Kwarteng
tabling member	4056 label Biography information for Nic Dakin

1148760

registered interest
date	14/10/2019
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Energy: Costs
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment she has made of the implications for her policies of the recommendation to align UK industrial electricity prices with such prices in Germany and France in the report entitled The Energy Price Gap, published by UK Steel in October 2019.
tabling member constituency	Scunthorpe
tabling member printed	Nic Dakin
uin	158
answer	answer is ministerial correction date of answer 21/10/2019 answer text <p>We are looking carefully at the analysis in the UK Steel report. The Government is committed to minimising energy costs for businesses to ensure our economy remains strong and competitive. Our policies include providing electricity cost compensation and exemption support to maintain the UK’s reputation as an attractive location for energy intensive industries including steel. The £315 million Industrial Energy Transformation Fund will also support businesses with high energy use to cut their bills and emissions.</p> answering member constituency Stratford-on-Avon answering member printed Nadhim Zahawi question first answered 21/10/2019 11:57:25 answering member 4113 label Biography information for Nadhim Zahawi
tabling member	4056 label Biography information for Nic Dakin

1148761

registered interest
date	14/10/2019
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Iron and Steel: Energy
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, if she will introduce (a) discounts on energy network costs, (b) a Capacity Market Levy exemption, (c) 100 per cent compensation for the indirect costs of carbon and (d) other substantive measures to lower electricity prices for the UK steel sector.
tabling member constituency	Scunthorpe
tabling member printed	Nic Dakin
uin	159
answer	answer is ministerial correction date of answer 21/10/2019 answer text <p>The Government is committed to minimising energy costs for businesses to ensure our economy remains strong and competitive.</p><p> </p><p>Network charging is a matter for Ofgem as the independent regulator, and we continue to support Ofgem to enable all interested parties to engage in its work to reform network charging arrangements.</p><p> </p><p>Our assessment is that both exempting electricity intensive industries from Capacity Market costs and providing 100% compensation for the indirect costs of carbon would not be compatible with current State aid guidelines. The Capacity Market will ensure that all energy consumers – including the steel sector – benefit from a secure and affordable supply of electricity. Eligible businesses in the steel sector already benefit from the maximum rate of compensation for the indirect costs of carbon that is allowable under current State aid guidelines. The £315 million Industrial Energy Transformation Fund will also support businesses with high energy use to cut their bills and emissions.</p> answering member constituency Stratford-on-Avon answering member printed Nadhim Zahawi question first answered 21/10/2019 11:57:40 answering member 4113 label Biography information for Nadhim Zahawi
tabling member	4056 label Biography information for Nic Dakin

1148762

registered interest
date	14/10/2019
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Iron and Steel: Manufacturing Industries
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment her Department has made of the effect of higher electricity prices since 2016 on the steel industry.
tabling member constituency	Scunthorpe
tabling member printed	Nic Dakin
uin	160
answer	answer is ministerial correction date of answer 18/10/2019 answer text <p>We have not made a specific assessment of the effect of higher electricity prices on the steel industry. The ability of our steel industry to compete globally and across Europe is a priority for this Government. We therefore provide electricity cost compensation and exemption support to maintain the UK’s reputation as an attractive location for these businesses. We also have a number of funds available, or in development, that support energy intensive industries, including steel, to help them increase energy efficiency and transition to a low carbon future. These funds include the £315 million Industrial Energy Transformation Fund, the Industrial Heat Recovery Support Programme and the recently announced £250 million Clean Steel Fund.</p> answering member constituency Stratford-on-Avon answering member printed Nadhim Zahawi question first answered 18/10/2019 13:00:06 answering member 4113 label Biography information for Nadhim Zahawi
tabling member	4056 label Biography information for Nic Dakin

1148763

registered interest
date	14/10/2019
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Executives: Pay
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, if she will bring forward legislative proposals to ensure that executive (a) salaries and (b) bonuses reflect the performance of the companies they run.
tabling member constituency	Warrington South
tabling member printed	Faisal Rashid
uin	275
answer	answer is ministerial correction date of answer 21/10/2019 answer text <p>The existing legal framework provides full transparency about directors’ remuneration arrangements, including on salaries and bonuses, and gives shareholders a strong say on pay.</p><p> </p><p>Since 2013, the law has required quoted companies to prepare a directors’ remuneration policy. This must set out how the company proposes to pay directors, including every element of remuneration that a director is entitled to and how it supports the company’s long-term strategy and performance. Companies are required to put the remuneration policy to a binding shareholder vote at least once every three years.</p><p> </p><p>Companies must also publish an annual remuneration report showing how the approved pay policy has been implemented, including a single figure for the total pay directors received that year. This report is subject to an annual advisory vote. If the company loses this vote, it is required to put a new remuneration policy to shareholders the following year.</p><p> </p><p>Alongside the legislative requirements, the UK Corporate Governance Code includes principles and provisions setting out how companies should approach executive remuneration, including a principle that executive remuneration should be “aligned to company purpose and values and be clearly linked to the successful delivery of the company’s long-term strategy”. The Financial Conduct Authority’s Listing Rules require companies to make a report in their corporate governance statement to enable shareholders to evaluate how the principles have been applied.</p> answering member constituency Rochester and Strood answering member printed Kelly Tolhurst question first answered 21/10/2019 16:08:54 answering member 4487 label Biography information for Kelly Tolhurst
tabling member	4670 label Biography information for Faisal Rashid