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1491336
registered interest false more like this
date less than 2022-07-21more like thismore than 2022-07-21
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 remove filter
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading Renewable Energy: Finance remove filter
house id 1 more like this
legislature
25259
pref label House of Commons more like this
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. more like this
tabling member constituency Hendon more like this
tabling member printed
Dr Matthew Offord remove filter
uin 41992 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2022-09-06more like thismore than 2022-09-06
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> more like this
answering member constituency Chelsea and Fulham more like this
answering member printed Greg Hands more like this
question first answered
less than 2022-09-06T14:12:44.957Zmore like thismore than 2022-09-06T14:12:44.957Z
answering member
1526
label Biography information for Greg Hands more like this
tabling member
4006
label Biography information for Dr Matthew Offord more like this
1463031
registered interest false more like this
date less than 2022-05-16more like thismore than 2022-05-16
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 remove filter
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading Renewable Energy: Finance remove filter
house id 1 more like this
legislature
25259
pref label House of Commons more like this
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. more like this
tabling member constituency Hendon more like this
tabling member printed
Dr Matthew Offord remove filter
uin 2457 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2022-05-24more like thismore than 2022-05-24
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> more like this
answering member constituency Chelsea and Fulham more like this
answering member printed Greg Hands more like this
question first answered
less than 2022-05-24T14:35:01.593Zmore like thismore than 2022-05-24T14:35:01.593Z
answering member
1526
label Biography information for Greg Hands more like this
tabling member
4006
label Biography information for Dr Matthew Offord more like this