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1604925

registered interest
date	16/03/2023
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 steps his Department is taking to encourage private sector funding for renewables.
tabling member constituency	Ceredigion
tabling member printed	Ben Lake
uin	167208
answer	answer is ministerial correction date of answer 24/03/2023 answer text <p>The Contracts for Difference scheme is the Government’s main mechanism for supporting investment in new low-carbon electricity generation projects in Great Britain. This month we will be launching the Allocation Round 5, for which Government has set an initial budget of £205 million. Allocation rounds will now run annually to accelerate deployment and investment in renewable generation.</p> answering member constituency Beverley and Holderness answering member printed Graham Stuart question first answered 24/03/2023 12:09:09 answering member 1482 label Biography information for Graham Stuart
tabling member	4630 label Biography information for Ben Lake

1581376

registered interest
date	26/01/2023
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	Renewable Energy: Finance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, whether his Department plans to provide a budget framework for Contracts for Difference auctions over the next 5 years.
tabling member constituency	Ludlow
tabling member printed	Philip Dunne
uin	133590
answer	answer is ministerial correction date of answer 03/02/2023 answer text <p>BEIS has set clear overall ambitions for renewables deployment to 2030 and beyond. Contracts for Difference Budgets are determined on a round by round basis based on requirements set out in the Energy Act 2013. In 2017, HM Treasury set out the Control for Low Carbon Levies which provides a budget framework for low carbon levies including Contracts for Difference.</p> answering member constituency Beverley and Holderness answering member printed Graham Stuart question first answered 03/02/2023 11:06:03 answering member 1482 label Biography information for Graham Stuart
tabling member	1542 label Biography information for Philip Dunne