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1310993
star this property registered interest false more like this
star this property date less than 2021-04-21more like thismore than 2021-04-21
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
unstar this property answering dept short name Business, Energy and Industrial Strategy more like this
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading Renewable Energy: Finance remove filter
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Business, Energy and Industrial Strategy, how the Government plans to support the uptake of renewable energy projects while also stabilising their costs on the grid; and if he will make a statement. more like this
star this property tabling member constituency Kilmarnock and Loudoun more like this
star this property tabling member printed
Alan Brown remove filter
star this property uin 185430 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2021-04-29more like thismore than 2021-04-29
star this property answer text <p>Renewable deployment has been a huge success in the UK and renewable generation has more than quadrupled since 2010, totalling 37% of electricity generation in 2019 (source: Digest of UK Energy Statistics 2020). Our continued support has seen the cost of renewable technologies fall – the cost of offshore wind, for example, has fallen by more than two thirds since 2015.</p><p> </p><p>The Government has committed up to £557 million for future Contracts for Difference auctions, with the next allocation round due to take place later this year. We continue to evolve the Contracts for Difference scheme and have recently engaged with industry through a call for evidence, looking at how to balance enabling deployment with minimising system costs and, therefore, costs to consumers. This will be used to inform the design of future allocation rounds.</p><p> </p><p>The costs incurred by renewable energy projects when connecting to the grid are a matter for Ofgem, as the independent regulator. As part of its Access and Forward-Looking Charges Review, Ofgem is considering some relevant aspects of grid charges, and it plans to consult on reform proposals in 2021.</p>
star this property answering member constituency Berwick-upon-Tweed more like this
star this property answering member printed Anne-Marie Trevelyan more like this
star this property question first answered
less than 2021-04-29T10:43:40.887Zmore like thismore than 2021-04-29T10:43:40.887Z
star this property answering member
4531
star this property label Biography information for Anne-Marie Trevelyan more like this
unstar this property tabling member
4470
unstar this property label Biography information for Alan Brown more like this
1349506
star this property registered interest false more like this
star this property date less than 2021-07-22more like thismore than 2021-07-22
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
unstar this property answering dept short name Business, Energy and Industrial Strategy more like this
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading Renewable Energy: Finance remove filter
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Business, Energy and Industrial Strategy, what recent assessment he has made of (a) the potential merits of a larger number of Power Purchase Agreements in the UK electricity market and (b) the effect of those agreements on (i) Government subsidies provided to renewable energy generators through the Contract for Difference scheme and (ii) electricity cost for consumers; and if he will make a statement. more like this
star this property tabling member constituency Kilmarnock and Loudoun more like this
star this property tabling member printed
Alan Brown remove filter
star this property uin 38305 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2021-09-10more like thismore than 2021-09-10
star this property answer text <p>The Government recognises that achieving our 2050 net zero target will require increased deployment across a range of renewable technologies. The UK's main support mechanism is the Contracts for Difference Scheme (CfD), which has been hugely successful at bringing forward large-scale renewable generation at low costs to the consumer.</p><p> </p><p>Power Purchase Agreements (PPAs) can improve the financial viability of renewable projects built without Government support. PPAs of this nature do not add to consumer levy costs, have the potential to create additional renewable generation capacity and can reduce overall demands on the grid if meeting the needs of large energy users. All routes to deploy cost effective low carbon generation are welcome and given our highly ambitious carbon budget and net zero targets, we anticipate that PPAs will be an important part of the landscape to complement Government mechanisms such as the CfD.</p> more like this
star this property answering member constituency Berwick-upon-Tweed more like this
star this property answering member printed Anne-Marie Trevelyan more like this
star this property question first answered
less than 2021-09-10T13:41:01.747Zmore like thismore than 2021-09-10T13:41:01.747Z
star this property answering member
4531
star this property label Biography information for Anne-Marie Trevelyan more like this
unstar this property tabling member
4470
unstar this property label Biography information for Alan Brown more like this
1403637
star this property registered interest false more like this
star this property date less than 2022-01-17more like thismore than 2022-01-17
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
unstar this property answering dept short name Business, Energy and Industrial Strategy more like this
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading Renewable Energy: Finance remove filter
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Business, Energy and Industrial Strategy, what the estimated additional cost is to consumer bills of the financial commitments aligned with the Contracts for Difference Round 4 auction. more like this
star this property tabling member constituency Kilmarnock and Loudoun more like this
star this property tabling member printed
Alan Brown remove filter
star this property uin 105612 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2022-01-25more like thismore than 2022-01-25
star this property answer text <p>The Government is committed to minimising energy costs for businesses and consumers. Contracts for Difference offer value-for-money to consumers and continue to deliver low prices. For example, between the first allocation round in 2015 and the most recent round in 2019, the price per unit (MWh) of offshore wind fell by around 65%.</p><p> </p><p>Competitive auctions are proven to be effective in helping to keep costs down, and this year’s auction has been designed to keep the allocation process highly competitive. The impact will be dependent on the outcome of the competitive auction process, its expectation is that this year’s round will have a relatively small impact on household bills.</p> more like this
star this property answering member constituency Chelsea and Fulham more like this
star this property answering member printed Greg Hands more like this
star this property question first answered
less than 2022-01-25T16:58:18.837Zmore like thismore than 2022-01-25T16:58:18.837Z
star this property answering member
1526
star this property label Biography information for Greg Hands more like this
unstar this property tabling member
4470
unstar this property label Biography information for Alan Brown more like this
1201434
star this property registered interest false more like this
star this property date less than 2020-06-08more like thismore than 2020-06-08
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
unstar this property answering dept short name Business, Energy and Industrial Strategy more like this
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading Renewable Energy: Finance remove filter
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the potential merits of annual contract for difference auctions; and if he will make a statement. more like this
star this property tabling member constituency Kilmarnock and Loudoun more like this
star this property tabling member printed
Alan Brown remove filter
star this property uin 56044 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2020-06-16more like thismore than 2020-06-16
star this property answer text <p>The Government keeps all aspects of the Contracts for Difference scheme under review on an ongoing basis. In 2018, the Government announced its intention to run auctions under the scheme every two years. The last auction took place in 2019, and the next is scheduled to take place in 2021. The Government recently consulted on a range of potential changes in connection with the 2021 auction and will respond to this consultation in due course.</p> more like this
star this property answering member constituency Spelthorne more like this
star this property answering member printed Kwasi Kwarteng more like this
star this property question first answered
less than 2020-06-16T14:23:09.127Zmore like thismore than 2020-06-16T14:23:09.127Z
star this property answering member
4134
star this property label Biography information for Kwasi Kwarteng more like this
unstar this property tabling member
4470
unstar this property label Biography information for Alan Brown more like this
1201435
star this property registered interest false more like this
star this property date less than 2020-06-08more like thismore than 2020-06-08
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
unstar this property answering dept short name Business, Energy and Industrial Strategy more like this
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading Renewable Energy: Finance remove filter
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the potential merits of removing the capacity cap from contract for difference auctions; and if he will make a statement. more like this
star this property tabling member constituency Kilmarnock and Loudoun more like this
star this property tabling member printed
Alan Brown remove filter
star this property uin 56045 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2020-06-16more like thismore than 2020-06-16
star this property answer text <p>Capacity caps can drive competitive auctions and deliver value for money for consumers. In the absence of a capacity cap or similar constraint, competitors in Contract for Difference auctions would have no incentive to bid below the wholesale price of electricity. A capacity cap was first deployed in the third Contract for Difference auction in 2019, which secured nearly twice the capacity of the previous auction with a 30% reduction in clearing prices. We continue to keep all aspects of the Contracts for Difference Scheme under review and will publish auction parameters in due course.</p> more like this
star this property answering member constituency Spelthorne more like this
star this property answering member printed Kwasi Kwarteng more like this
star this property question first answered
less than 2020-06-16T14:27:29.073Zmore like thismore than 2020-06-16T14:27:29.073Z
star this property answering member
4134
star this property label Biography information for Kwasi Kwarteng more like this
unstar this property tabling member
4470
unstar this property label Biography information for Alan Brown more like this