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1452115
registered interest true more like this
date less than 2022-03-17more like thismore than 2022-03-17
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 more like this
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading Energy: Billing more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Business, Energy and Industrial Strategy, what mechanism his Department used to ensure that the £200m in CFD payments made to the Low Carbon Contracts Company by renewables generators between September 2021 and February 2022 was passed through to consumers as energy bill savings. more like this
tabling member constituency Wycombe more like this
tabling member printed
Mr Steve Baker more like this
uin 141981 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2022-03-25more like thismore than 2022-03-25
answer text <p>Due to current high energy prices, the Low Carbon Contracts Company (LCCC) has temporarily stopped collecting the compulsory levy from suppliers which funds the Contracts for Difference (CfD) scheme. CfD generators have instead paid approximately £205 million back into the scheme from September 2021 to March 2022 inclusive. LCCC returned around £40 million of this to suppliers at the last quarterly reconciliation, with suppliers leaving the balance on account with LCCC to meet future liabilities towards funding the cost of the scheme. This ensures that consumers do not pay higher CfD support costs during periods of high electricity prices.</p> more like this
answering member constituency Chelsea and Fulham more like this
answering member printed Greg Hands more like this
question first answered
less than 2022-03-25T13:54:08.247Zmore like thismore than 2022-03-25T13:54:08.247Z
answering member
1526
label Biography information for Greg Hands more like this
previous answer version
59901
answering member constituency Chelsea and Fulham more like this
answering member printed Greg Hands more like this
answering member
1526
label Biography information for Greg Hands remove filter
tabling member
4064
label Biography information for Mr Steve Baker remove filter