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782934

	registered interest
	date	02/11/2017
	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	Wind Power: Seas and Oceans
	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 the offshore wind capital expenditure data was for each of the last two years; and what the evidential basis is for his Department's assessment of the fall in the cost of wind power.
	tabling member constituency	Monmouth
	tabling member printed	David T. C. Davies
	uin	111098
	answer	answer is ministerial correction date of answer 10/11/2017 answer text <p>The Department does not hold data on capital expenditure for individual offshore wind projects. The Department’s latest projection of capital expenditure for generic offshore wind projects is published in Arup (2016): Review of Renewable Electricity Generation Cost and Technical Assumptions, and can be found here: <a href="https://www.gov.uk/government/publications/arup-2016-review-of-renewable-electricity-generation-cost-and-technical-assumptions" target="_blank">https://www.gov.uk/government/publications/arup-2016-review-of-renewable-electricity-generation-cost-and-technical-assumptions</a>.</p><p>The Contracts for Difference (CfD) Second Allocation Round results, which were announced on 11 September 2017, showed one offshore wind project commissioning in 2021/22 cleared at a strike price of £74.75/MWh (2012 prices) and two offshore wind projects commissioning in year 2022/23 cleared at a strike price of £57.50/MWh (2012 prices). Both these prices represent a saving on the administrative strike price set using the data from Arup (2016), indicating that offshore wind costs are falling.</p> answering member constituency Watford answering member printed Richard Harrington question first answered 10/11/2017 12:02:03 answering member 4068 label Biography information for Lord Harrington of Watford
	tabling member	1545 label Biography information for David T C Davies

782936

	registered interest
	date	02/11/2017
	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	Wind Power: Seas and Oceans
	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 estimate he has made of the cost to the public purse of guaranteeing the strike price to consumers of operational offshore wind sites in (a) 2015 and (b) 2017.
	tabling member constituency	Monmouth
	tabling member printed	David T. C. Davies
	uin	111099
	answer	answer is ministerial correction date of answer 10/11/2017 answer text <ul><li>The first Contract For Difference (CfD) allocation round results, published in 2015, saw over 1.2 gigawatts of offshore wind capacity secure contracts, estimated at the time of the auction to cost consumers just over £240 million per year (2012 prices).</li><li>The second round results, announced in September 2017, saw the clearing price half for offshore wind delivered in the auction; we secured an additional 3.2 gigawatts of new offshore wind capacity, estimated at the time of the auction to cost consumers just over £130 million per year (2012 prices).</li><li>There are many factors that affect payments under these contracts, which mean that actual costs may go up or down.</li><li>These results demonstrate that the UK is an attractive place to invest, with a record amount of renewable capacity secured to power our homes.</li><li>The price of offshore wind clearing through the auction has halved in two years, demonstrating that competitive auctions are working well to drive down costs and deliver savings for consumers, whilst delivering the government’s decarbonisation ambitions.</li></ul> answering member constituency Watford answering member printed Richard Harrington question first answered 10/11/2017 13:09:22 answering member 4068 label Biography information for Lord Harrington of Watford
	tabling member	1545 label Biography information for David T C Davies