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1667624

registered interest
date	07/11/2023
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, whether she plans to amend the methodology used to set administrative strike prices for all renewable technologies in the Contracts for Difference allocation round six.
tabling member constituency	Wyre Forest
tabling member printed	Mark Garnier
uin	195
answer	answer is ministerial correction date of answer 13/11/2023 answer text <p>The Government reviews auction parameters, including Administrative Strike Prices (ASP) and the ASP methodology, ahead of every Contracts for Difference Allocation Round. Considering recent price volatility and that no offshore wind technologies were successful in Allocation Round 5, the Government has conducted a thorough review of its cost assumptions ahead of Allocation Round 6. The Government is committed to ensuring that it sets the parameters at a level that would allow sustainably priced projects in the pipeline to compete in the auction. The ASP methodology will be published alongside core parameters in November 2023.</p> answering member constituency Beverley and Holderness answering member printed Graham Stuart question first answered 13/11/2023 15:32:07 answering member 1482 label Biography information for Graham Stuart
tabling member	4074 label Biography information for Mark Garnier

1663397

registered interest
date	13/10/2023
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, whether her Department is taking steps to ensure that energy supplied from renewable sources only incurs a cost to the public purse when it is required on the grid.
tabling member constituency	Vale of Glamorgan
tabling member printed	Alun Cairns
uin	201251
answer	answer is ministerial correction date of answer 23/10/2023 answer text <p>The Government, through the Review of Electricity Market Arrangements (REMA) programme, is considering reforms needed to electricity market arrangements to drive the necessary investment and efficient operation of a secure, cost-effective, low-carbon electricity system. This includes Government schemes, such as the Renewable Obligation and Contract for Difference, that support the generation of renewable electricity.</p><p> </p><p>The Government will work with Ofgem, National Grid Electricity System Operator (ESO) and the Low Carbon Contracts Company (LCCC) to review and take appropriate steps, when necessary, to ensure that system costs associated with renewable generators' participation in the Balancing Mechanism offers the best value for money for consumers.</p> answering member constituency Beverley and Holderness answering member printed Graham Stuart question first answered 23/10/2023 09:50:44 answering member 1482 label Biography information for Graham Stuart
tabling member	4086 label Biography information for Alun Cairns

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