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1491336

registered interest
date	21/07/2022
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, what assessment he has made of the potential impact of the upcoming Contract for Difference Auction Round 4 on energy bills.
tabling member constituency	Hendon
tabling member printed	Dr Matthew Offord
uin	41992
answer	answer is ministerial correction date of answer 06/09/2022 answer text <p>The Government is committed to minimising energy costs for businesses and consumers.</p><p> </p><p>The precise bill impact of Allocation Round 4 (AR4) will be dependent on future wholesale electricity prices, which remain uncertain. Although difficult to predict with certainty, the Government expects AR4 to have a relatively small impact on household bills. AR4 will deliver capacity which is a critical part of the Government’s strategy to reduce system costs and will increase energy independence by contributing towards the transition to a low carbon electricity system.</p> answering member constituency Chelsea and Fulham answering member printed Greg Hands question first answered 06/09/2022 14:12:44 answering member 1526 label Biography information for Greg Hands
tabling member	4006 label Biography information for Dr Matthew Offord

1463730

registered interest
date	17/05/2022
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, what assessment he has made of the potential impact of the Contracts for Difference Allocation Round 4 on energy bills.
tabling member constituency	Rother Valley
tabling member printed	Alexander Stafford
uin	3792
answer	answer is ministerial correction date of answer 25/05/2022 answer text <p>I refer my hon. Friend to the answer I gave my hon. Friend the Member for Hendon on 24th May 2022 to Question <a href="https://questions-statements.parliament.uk/written-questions/detail/2022-05-16/2457" target="_blank">2457</a>.</p> answering member constituency Chelsea and Fulham answering member printed Greg Hands question first answered 25/05/2022 09:06:53 answering member 1526 label Biography information for Greg Hands
tabling member	4866 label Biography information for Alexander Stafford

1463031

registered interest
date	16/05/2022
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, what assessment he has made of the potential effect of the upcoming Contract for Difference Auction Round 4 on energy bills.
tabling member constituency	Hendon
tabling member printed	Dr Matthew Offord
uin	2457
answer	answer is ministerial correction date of answer 24/05/2022 answer text <p>The Government is committed to minimising energy costs for businesses and consumers. Contracts for Difference offer value-for-money to consumers and continue to deliver low prices. For example, between the first allocation round in 2015 and the last round in 2019, the price per unit (MWh) of offshore wind fell by around 65%.</p><p> </p><p>Competitive auctions are proven to be effective in helping to keep costs down and this year’s auction has been designed to keep the allocation process highly competitive. The impact will be dependent on the outcome of the competitive auction process; it is expected that this year’s round will have a small impact on household bills.</p> answering member constituency Chelsea and Fulham answering member printed Greg Hands question first answered 24/05/2022 14:35:01 answering member 1526 label Biography information for Greg Hands
tabling member	4006 label Biography information for Dr Matthew Offord

1439255

registered interest
date	09/03/2022
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, what assessment he has made of the potential merits of further increasing investment in (a) onshore wind, (b) solar, (c) tidal and (d) other renewable energy sources such in order to further diversify energy generation in the UK; what steps he is taking to support the development of energy storage facilities; and what his planned timetable is for publishing the findings of the call for evidence on large scale, long duration energy storage.
tabling member constituency	Ynys Môn
tabling member printed	Virginia Crosbie
uin	137456
answer	answer is ministerial correction date of answer 14/03/2022 answer text <p>The Contracts for Difference (CfD) scheme is the Government’s main mechanism for supporting new low-carbon electricity generation projects in Great Britain. The fourth allocation round of the CfD scheme (AR4) opened on 13 December 2021 and aims to secure more low-carbon electricity capacity than the previous three rounds combined. AR4 is open to an expanded number of renewable technologies, including offshore wind, onshore wind, solar, tidal stream and floating offshore wind. In February, the Government also announced that the next CfD allocation round will be brought forward to March 2023, and future rounds will run annually, rather than every two years, thereafter. This will support renewable electricity producers and further drive deployment of renewable power.</p><p>In 2019 BEIS launched the Storage at Scale competition, which funded demonstration facilities for two innovative energy storage facilities. In 2021, BEIS launched a further programme, The Longer Duration Energy Storage competition. In February 2022, BEIS announced funding for 24 projects under this competition to perform engineering design or feasibility studies of their technologies. The Government is reviewing the responses to the Call for Evidence on large-scale, long-duration electricity storage, alongside analysis the Department commissioned on the role of this type of storage in the electricity system. The Government will publish a response in due course.</p> answering member constituency Chelsea and Fulham answering member printed Greg Hands question first answered 14/03/2022 15:46:05 answering member 1526 label Biography information for Greg Hands
tabling member	4859 label Biography information for Virginia Crosbie

1422003

registered interest
date	10/02/2022
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 he has plans to implement the Contracts for Difference auction and allocation on an annual basis.
tabling member constituency	Ross, Skye and Lochaber
tabling member printed	Ian Blackford
uin	122698
answer	answer is ministerial correction date of answer 21/02/2022 answer text <p>On 9 February 2022, the Secretary of State announced that Contracts for Difference allocation rounds will be held on an annual basis from March 2023, when the next round (AR5) will open to applications.<sup><sup>[1]</sup></sup></p><p> </p><p> </p><p>[1] <a href="https://questions-statements.parliament.uk/written-statements/detail/2022-02-09/hcws600" target="_blank">https://questions-statements.parliament.uk/written-statements/detail/2022-02-09/hcws600</a></p><p> </p> answering member constituency Chelsea and Fulham answering member printed Greg Hands question first answered 21/02/2022 16:40:24 answering member 1526 label Biography information for Greg Hands
tabling member	4390 label Biography information for Ian Blackford

1418191

registered interest
date	31/01/2022
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, what the total amount of strike price top up payments made to companies under Contracts for Difference by the Low Carbon Contracts Company was in each of the last five years.
tabling member constituency	North West Norfolk
tabling member printed	James Wild
uin	114957
answer	answer is ministerial correction date of answer 08/02/2022 answer text <p>The Low Carbon Contracts Company publishes information on payments to projects supported by the Contracts for Difference scheme on their Data Portal[1].</p><p>[1] <a href="https://www.lowcarboncontracts.uk/dashboards/cfd/actuals-dashboards/historical-dashboard" target="_blank">https://www.lowcarboncontracts.uk/dashboards/cfd/actuals-dashboards/historical-dashboard</a></p><p> </p> answering member constituency Chelsea and Fulham answering member printed Greg Hands question first answered 08/02/2022 15:25:26 answering member 1526 label Biography information for Greg Hands
tabling member	4787 label Biography information for James Wild

1418192

registered interest
date	31/01/2022
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, what the total amount was of payments made by companies under Contracts for Difference to the Low Carbon Contracts Company when strike prices were below market prices in each of the last five years.
tabling member constituency	North West Norfolk
tabling member printed	James Wild
uin	114958
answer	answer is ministerial correction date of answer 09/02/2022 answer text <p>The Low Carbon Contracts Company publishes information on payments made by generators under the Contracts for Difference scheme on their Data Portal[1].</p><p> </p><p>[1] <a href="https://www.lowcarboncontracts.uk/dashboards/cfd/actuals-dashboards/historical-dashboard" target="_blank">https://www.lowcarboncontracts.uk/dashboards/cfd/actuals-dashboards/historical-dashboard</a></p><p> </p> answering member constituency Chelsea and Fulham answering member printed Greg Hands question first answered 09/02/2022 18:16:20 answering member 1526 label Biography information for Greg Hands
tabling member	4787 label Biography information for James Wild

1403637

registered interest
date	17/01/2022
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, what the estimated additional cost is to consumer bills of the financial commitments aligned with the Contracts for Difference Round 4 auction.
tabling member constituency	Kilmarnock and Loudoun
tabling member printed	Alan Brown
uin	105612
answer	answer is ministerial correction date of answer 25/01/2022 answer text <p>The Government is committed to minimising energy costs for businesses and consumers. Contracts for Difference offer value-for-money to consumers and continue to deliver low prices. For example, between the first allocation round in 2015 and the most recent round in 2019, the price per unit (MWh) of offshore wind fell by around 65%.</p><p> </p><p>Competitive auctions are proven to be effective in helping to keep costs down, and this year’s auction has been designed to keep the allocation process highly competitive. The impact will be dependent on the outcome of the competitive auction process, its expectation is that this year’s round will have a relatively small impact on household bills.</p> answering member constituency Chelsea and Fulham answering member printed Greg Hands question first answered 25/01/2022 16:58:18 answering member 1526 label Biography information for Greg Hands
tabling member	4470 label Biography information for Alan Brown

1360290

registered interest
date	15/10/2021
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, what assessment his Department has made of the potential impact of net negative generator payments on the Contracts for Difference Scheme.
tabling member constituency	Wansbeck
tabling member printed	Ian Lavery
uin	57042
answer	answer is ministerial correction date of answer 25/10/2021 answer text <p>Under the Contracts for Difference (CfD) scheme, a generator is paid the difference between the ‘strike price’ – a price for electricity reflecting the cost of investing in a particular low carbon technology – and the ‘reference price’ – a cost measure of the average GB market price for electricity. Generators have to pay back the difference to the Low Carbon Contracts Company (LCCC) when market prices are higher than the strike price.</p> answering member constituency Chelsea and Fulham answering member printed Greg Hands question first answered 25/10/2021 17:02:47 answering member 1526 label Biography information for Greg Hands
tabling member	4139 label Biography information for Ian Lavery

1349506

registered interest
date	22/07/2021
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, what recent assessment he has made of (a) the potential merits of a larger number of Power Purchase Agreements in the UK electricity market and (b) the effect of those agreements on (i) Government subsidies provided to renewable energy generators through the Contract for Difference scheme and (ii) electricity cost for consumers; and if he will make a statement.
tabling member constituency	Kilmarnock and Loudoun
tabling member printed	Alan Brown
uin	38305
answer	answer is ministerial correction date of answer 10/09/2021 answer text <p>The Government recognises that achieving our 2050 net zero target will require increased deployment across a range of renewable technologies. The UK's main support mechanism is the Contracts for Difference Scheme (CfD), which has been hugely successful at bringing forward large-scale renewable generation at low costs to the consumer.</p><p> </p><p>Power Purchase Agreements (PPAs) can improve the financial viability of renewable projects built without Government support. PPAs of this nature do not add to consumer levy costs, have the potential to create additional renewable generation capacity and can reduce overall demands on the grid if meeting the needs of large energy users. All routes to deploy cost effective low carbon generation are welcome and given our highly ambitious carbon budget and net zero targets, we anticipate that PPAs will be an important part of the landscape to complement Government mechanisms such as the CfD.</p> answering member constituency Berwick-upon-Tweed answering member printed Anne-Marie Trevelyan question first answered 10/09/2021 13:41:01 answering member 4531 label Biography information for Anne-Marie Trevelyan
tabling member	4470 label Biography information for Alan Brown