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1718932

	registered interest
	date	16/05/2024
	answering body	Department for Energy Security and Net Zero
	answering dept id	215
	answering dept short name	Energy Security and Net Zero
	answering dept sort name	Energy Security and Net Zero
	hansard heading	Renewable Energy: Finance
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Energy Security and Net Zero, what her planned timetable is for announcing the final revised budget for contracts for difference allocation round six.
	tabling member constituency	Angus
	tabling member printed	Dave Doogan
	uin	26758
	answer	answer is ministerial correction date of answer 21/05/2024 answer text <p>National Grid ESO are currently reviewing applications against the published CfD qualification criteria. The outcomes of this process will dictate timings for when my right hon. Friend the Secretary of State will decide whether an increase to the budget is appropriate. The different timeline scenarios are published here:</p><p> </p><p><a href="https://eur02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.cfdallocationround.uk%2Fnews%2Far6-core-parameters-published&amp;data=05%7C02%7CParliamentary.PQ%40energysecurity.gov.uk%7C35c7daa723de42ec78e108dc79b43a4b%7Ccbac700502c143ebb497e6492d1b2dd8%7C0%7C0%7C638519062177322102%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&amp;sdata=IJreLNHWN1BG7lCsxM7favds8S5jUAPhH4RxKjTlCxU%3D&amp;reserved=0" target="_blank">https://www.cfdallocationround.uk/news/ar6-core-parameters-published</a></p> answering member constituency West Aberdeenshire and Kincardine answering member printed Andrew Bowie question first answered 21/05/2024 16:39:40 answering member 4601 label Biography information for Andrew Bowie
	tabling member	4736 label Biography information for Dave Doogan

1718035

	registered interest
	date	14/05/2024
	answering body	Department for Energy Security and Net Zero
	answering dept id	215
	answering dept short name	Energy Security and Net Zero
	answering dept sort name	Energy Security and Net Zero
	hansard heading	Renewable Energy: Finance
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Energy Security and Net Zero, pursuant to the Answer of 30 April 2024 to Question 23797 on Renewable Energy: Finance, what approximate capacity her Department expects to be successful for the Contracts for Difference AR6.
	tabling member constituency	Angus
	tabling member printed	Dave Doogan
	uin	26275
	answer	answer is ministerial correction date of answer 17/05/2024 answer text <p>National Grid ESO are now reviewing the applications against Contracts for Difference qualification criteria. The volume of capacity successful will depend on a range of factors including the volume of eligible applications, and subsequent bid prices. We cannot pre-judge the outcome of AR6.</p> answering member constituency West Aberdeenshire and Kincardine answering member printed Andrew Bowie question first answered 17/05/2024 13:28:30 answering member 4601 label Biography information for Andrew Bowie
	tabling member	4736 label Biography information for Dave Doogan

1714026

	registered interest
	date	26/04/2024
	answering body	Department for Energy Security and Net Zero
	answering dept id	215
	answering dept short name	Energy Security and Net Zero
	answering dept sort name	Energy Security and Net Zero
	hansard heading	Renewable Energy: Finance
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Energy Security and Net Zero, with reference to Appendix 2 of the Contracts for Difference AR6 Allocation Framework 2024, Appendix 2 of the Contracts for Difference AR5 Allocation Framework 2023 and Appendix 2 of the Contracts for Difference AR4 Allocation Framework 2021, what methodology her Department used to calculate the market reference prices for the years 2026-27 to 2030-31; and for what reason it has been set lower than previous Contracts for Difference Allocation Rounds.
	tabling member constituency	Angus
	tabling member printed	Dave Doogan
	uin	23952
	answer	answer is ministerial correction date of answer 01/05/2024 answer text <p>As set out in the accompanying note to the Budget Notice[1], the reference prices we use for the CfD budget are an output from the Department’s main power model and are characteristic of decarbonisation pathways that are net-zero consistent. Wholesale electricity prices are driven by many factors including electricity demand profiles, the plants that generate to meet this demand, as well as fuel price assumptions and carbon price assumptions. Changes in reference prices between rounds depend on the assumptions used in power modelling and the delivery years for each allocation round.</p><p> </p><p>[1] The accompanying note to the Budget Notice can be found here:</p><p><a href="https://eur02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.gov.uk%2Fgovernment%2Fpublications%2Fcontracts-for-difference-cfd-allocation-round-6-statutory-notices&amp;data=05%7C02%7CParliamentary.PQ%40energysecurity.gov.uk%7C9ba5023041b04ec6760908dc692d94b9%7Ccbac700502c143ebb497e6492d1b2dd8%7C0%7C0%7C638500891684410764%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&amp;sdata=WunRH0cV5boaGDFHmPM1SJU%2BmksN%2FI1bxKETyzzMG1A%3D&amp;reserved=0" target="_blank">https://www.gov.uk/government/publications/contracts-for-difference-cfd-allocation-round-6-statutory-notices</a></p><p> </p> answering member constituency West Aberdeenshire and Kincardine answering member printed Andrew Bowie question first answered 01/05/2024 05:23:52 answering member 4601 label Biography information for Andrew Bowie
	tabling member	4736 label Biography information for Dave Doogan

1713821

	registered interest
	date	25/04/2024
	answering body	Department for Energy Security and Net Zero
	answering dept id	215
	answering dept short name	Energy Security and Net Zero
	answering dept sort name	Energy Security and Net Zero
	hansard heading	Renewable Energy: Finance
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Energy Security and Net Zero, what assessment her Department has made of the potential merits of increasing the budget for Pot 1 of the Contracts for Difference AR6 to ensure that Government targets for established technologies are met.
	tabling member constituency	Angus
	tabling member printed	Dave Doogan
	uin	23796
	answer	answer is ministerial correction date of answer 30/04/2024 answer text <p>National Grid ESO (NG ESO) is currently assessing applications to Allocation Round 6 of the Contracts for Difference scheme. Later this year, the Secretary of State will have an opportunity to review the budget following receipt of the formal valuation of applications from NG ESO.</p> answering member constituency West Aberdeenshire and Kincardine answering member printed Andrew Bowie question first answered 30/04/2024 16:04:22 answering member 4601 label Biography information for Andrew Bowie
	tabling member	4736 label Biography information for Dave Doogan

1713822

	registered interest
	date	25/04/2024
	answering body	Department for Energy Security and Net Zero
	answering dept id	215
	answering dept short name	Energy Security and Net Zero
	answering dept sort name	Energy Security and Net Zero
	hansard heading	Renewable Energy: Finance
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Energy Security and Net Zero, whether her Department has made an assessment of the potential impact of lowering the market reference prices for the Contracts for Difference AR6 on the (a) budget that can be allocated to projects during the auction, (b) number of projects that can be awarded in that round and (c) total capacity that will be secured through AR6.
	tabling member constituency	Angus
	tabling member printed	Dave Doogan
	uin	23797
	answer	answer is ministerial correction date of answer 30/04/2024 answer text <p>The reference prices we use for the Contracts for Difference budget are an output from the Department’s main power model and are characteristic of decarbonisation pathways that are net-zero consistent.</p><p> </p><p>Budgets are set based on a wide range of factors such as an assessment of the pipeline of projects that could participate in the auction, rather than being a pre-determined monetary constraint. If reference prices were higher or lower, the budget would change accordingly, and approximately the same capacity would likely be successful in the auction.</p> answering member constituency West Aberdeenshire and Kincardine answering member printed Andrew Bowie question first answered 30/04/2024 16:05:35 answering member 4601 label Biography information for Andrew Bowie
	tabling member	4736 label Biography information for Dave Doogan