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847721

registered interest
date	23/02/2018
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	Energy: Infrastructure
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 amount of money invested by energy companies in infrastructure in the UK in the last five years; and if he will make a statement.
tabling member constituency	North West Norfolk
tabling member printed	Sir Henry Bellingham
uin	129397
answer	answer is ministerial correction date of answer 05/03/2018 answer text <p>The Department for Business, Energy and Industrial Strategy does not hold specific information regarding “energy companies”; we monitor capacity of energy generation rather than levels of investment by specific companies when in developing and implementing policy.</p><p> </p><p>The UK has made great progress in securing investment in clean and secure energy. More than £52 billion has been invested in renewable energy since 2010. We are committed to ensuring that the UK remains an attractive destination for investment as the UK negotiates its withdrawal from the EU.</p><p> </p><p>Through our Industrial Strategy, we are investing £2.5 billion to support low carbon innovation in the UK between 2015 and 2021, and providing £31 billion to the National Productivity Fund to support investments in innovation and infrastructure.</p> answering member constituency Devizes answering member printed Claire Perry grouped question UIN 129398 question first answered 05/03/2018 17:28:14 answering member 3974 label Biography information for Claire Perry
tabling member	1441 label Biography information for Lord Bellingham

847722

registered interest
date	23/02/2018
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	Energy: Infrastructure
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 has forecast investment in UK infrastructure by energy companies in the next five years; and if he will make a statement.
tabling member constituency	North West Norfolk
tabling member printed	Sir Henry Bellingham
uin	129398
answer	answer is ministerial correction date of answer 05/03/2018 answer text <p>The Department for Business, Energy and Industrial Strategy does not hold specific information regarding “energy companies”; we monitor capacity of energy generation rather than levels of investment by specific companies when in developing and implementing policy.</p><p> </p><p>The UK has made great progress in securing investment in clean and secure energy. More than £52 billion has been invested in renewable energy since 2010. We are committed to ensuring that the UK remains an attractive destination for investment as the UK negotiates its withdrawal from the EU.</p><p> </p><p>Through our Industrial Strategy, we are investing £2.5 billion to support low carbon innovation in the UK between 2015 and 2021, and providing £31 billion to the National Productivity Fund to support investments in innovation and infrastructure.</p> answering member constituency Devizes answering member printed Claire Perry grouped question UIN 129397 question first answered 05/03/2018 17:28:14 answering member 3974 label Biography information for Claire Perry
tabling member	1441 label Biography information for Lord Bellingham

847757

registered interest
date	23/02/2018
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	Electricity Generation
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 role the concept of baseload generation plays in his Department's planning for the future electricity system, allocation plans for contracts for difference and calculation of value for money of different generation sources.
tabling member constituency	Brighton, Pavilion
tabling member printed	Caroline Lucas
uin	129433
answer	answer is ministerial correction date of answer 02/03/2018 answer text <p>The concept of baseload refers to generation that operates continually throughout the year. As electricity demand varies widely from day to night and by season, there is a limit to the need for baseload generation which is less than the summer minimum demand. Baseload generation brings both benefits and costs to the system relative to generation that is designed to operate more flexibly or is intermittent.</p><p> </p><p>The electricity system already has many features that reward different types of generation depending on the demands of the system. When considering value for money, Government considers whole electricity system impacts. This includes the benefits of baseload generation relative to other technologies, and the cost of it not being able to increase or decrease output rapidly and of procuring reserve capacity to cover the risk of failure.</p><p> </p><p>The Capacity Market is at the heart of the Government’s plans for a reliable energy system; it secures the capacity required to meet peak demand through auctions held four and one year ahead of delivery. It supports technically reliable existing plant to remain in the market and, as coal and other ageing plant retire, it will strengthen incentives for new plant to be financed and built.</p><p> </p><p>The Contracts for Difference scheme allocates support using a competitive auction process to projects with the lowest price bids, which drives efficiency and cost reduction. The scheme has been a success in delivering substantial new investment and helping to deliver significant reductions in the costs of some renewable technologies. We keep it under review in order to ensure it continues to operate effectively and deliver value for money to the consumer.</p><p> </p> answering member constituency Devizes answering member printed Claire Perry question first answered 02/03/2018 09:09:16 answering member 3974 label Biography information for Claire Perry
tabling member	3930 label Biography information for Caroline Lucas

847764

registered interest
date	23/02/2018
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	Cryptocurrencies
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, how much funding has been allocated to research opportunities for digital currency technology and its potential applications.
tabling member constituency	North Norfolk
tabling member printed	Norman Lamb
uin	129440
answer	answer is ministerial correction date of answer 05/03/2018 answer text <p>The Engineering and Physical Sciences Research Council (EPSRC) leads the cross Council Digital Economy (DE) Theme, which incorporates the digital currency technology and associated distributed ledger technology activities, announced in the March 2015 Budget. To date, the DE Theme has invested around £7.2 million in the following activities:</p><p> </p><ul><li>A £260,000 project - Third Party Dematerialisation and Rematerialisation of Capital.</li><li>An 18-month £0.4 million project investigating the phenomena of cryptocurrencies and their associated underlying technology - Cryptocurrency Effects in Digital Transformations (CREDIT)</li><li>A £3.7 million for seven interdisciplinary feasibility studies that will explore and understanding transformative use cases of distributed ledger technology “Applications of Distributed Ledger Technology” resulting in. Details of the projects are available on the EPSRC website at: <a href="http://gow.epsrc.ac.uk/NGBOViewPanelROL.aspx?PanelId=1-3X22ML&amp;RankingListId=1-3X22MS" target="_blank">http://gow.epsrc.ac.uk/NGBOViewPanelROL.aspx?PanelId=1-3X22ML&amp;RankingListId=1-3X22MS</a></li><li>Three projects relevant to research in applications of distributed ledger technology were supported under “Broad applications of distributed ledger technologies” as one of six focal areas in a £10 million call for research proposals on the Trust, Identity, Privacy and Security in the Digital Economy call (2015) - see <a href="http://gow.epsrc.ac.uk/NGBOViewPanel.aspx?PanelId=1-37PAUA" target="_blank">http://gow.epsrc.ac.uk/NGBOViewPanel.aspx?PanelId=1-37PAUA</a>)</li></ul><p> </p><p>Innovate UK has funded projects that develop and commercial digital currency technologies with various sectoral applications, related to blockchain and distributed ledger projects for use in areas like provenance tracking of goods. Since 2004 Innovate UK has invested nearly £2 million into these technologies.</p> answering member constituency East Surrey answering member printed Mr Sam Gyimah question first answered 05/03/2018 17:28:28 answering member 3980 label Biography information for Mr Sam Gyimah
tabling member	1439 label Biography information for Norman Lamb

847768

registered interest
date	23/02/2018
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	Forests: North of England
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 recent discussions he has had with the Secretary of State for Environment, Food and Rural Affairs on ensuring that the new Northern Forest ameliorates the aesthetic effect of national infrastructure.
tabling member constituency	Brigg and Goole
tabling member printed	Andrew Percy
uin	129444
answer	answer is ministerial correction date of answer 01/03/2018 answer text <p>Ministers from this Department have had no discussions with Ministers from the Department for Environment, Food and Rural Affairs on this topic.</p> answering member constituency Watford answering member printed Richard Harrington question first answered 01/03/2018 16:10:44 answering member 4068 label Biography information for Lord Harrington of Watford
tabling member	3939 label Biography information for Andrew Percy