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date	2015-02-20
answer › question first answered	2015-02-26T15:04:21.03Z
answer › answering member printed	Matthew Hancock
max answer › question first answered	2015-03-03T10:53:05.94Z

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registered interest

date

exactly:

or between:
and

answering body

answering dept id

answering dept short name

answering dept sort name

hansard heading

house id

legislature


pref label

question text

tabling member constituency

tabling member printed

uin

answer

is ministerial correction

date of answer

exactly:

or between:
and

answer text

answering member constituency

answering member printed

question first answered

answering member


label

tabling member


label

222484

registered interest

date

20/02/2015

answering body

Department for Energy and Climate Change

answering dept id

answering dept short name

Energy and Climate Change

answering dept sort name

Energy and Climate Change

hansard heading

Electricity: Prices

house id

legislature

25259

	pref label	House of Commons

question text

To ask the Secretary of State for Energy and Climate Change, what steps his Department has taken with Ofgem to achieve a Price Average Reference (PAR) of 1MWh in future Capacity Market auctions; and when he expects that PAR to be implemented.

tabling member constituency

Tamworth

tabling member printed

Christopher Pincher

uin

224768

answer

is ministerial correction

date of answer

26/02/2015

answer text

I refer my hon. Friend to the answer given to Question 224767.Under their Electricity Balancing Significant Code Review, Ofgem have committed to implement a 1MWh Price Average Reference (PAR) measure for imbalance (“cash out”) prices. Although this does not relate directly to the Capacity Market, Ofgem intend to implement changes to cash out ahead of 2018/19:<a href="https://www.ofgem.gov.uk/ofgem-publications/87782/electricitybalancingsignificantcodereview-finalpolicydecision.pdf" target="_blank">https://www.ofgem.gov.uk/ofgem-publications/87782/electricitybalancingsignificantcodereview-finalpolicydecision.pdf</a>.It is likely that expected changes to the Price Average Reference will already have been factored into Capacity Market auction bids.

answering member constituency

West Suffolk

answering member printed

Matthew Hancock

question first answered

26/02/2015 15:04:21

answering member

4070

	label	Biography information for Matt Hancock

tabling member

4075

	label	Biography information for Christopher Pincher