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860622

registered interest
date	12/03/2018
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 Interconnectors
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 made an assessment of the effect of increased electricity interconnection on welfare.
tabling member constituency	Monmouth
tabling member printed	David T. C. Davies
uin	131979
answer	answer is ministerial correction date of answer 22/03/2018 answer text <p>Ofgem considers interconnectors’ contribution to welfare as part of their assessment for regulatory approval.</p><p>The first round of projects that received regulatory approval from Ofgem showed GB consumer welfare benefits of up to £12 billion over their 25 year regulated lifetimes.</p><p>The second round of projects that received regulatory approval from Ofgem (GridLink, NeuConnect, and NorthConnect) showed GB consumer welfare benefits of over £7 billion over their lifetimes.</p><p>The full details of Ofgem’s assessments for these projects, and a small number of other projects which have been assessed separately, can be found at</p><p><a href="https://www.ofgem.gov.uk/electricity/transmission-networks/electricity-interconnectors" target="_blank">https://www.ofgem.gov.uk/electricity/transmission-networks/electricity-interconnectors</a>.</p> answering member constituency Devizes answering member printed Claire Perry question first answered 22/03/2018 11:27:58 answering member 3974 label Biography information for Claire Perry
tabling member	1545 label Biography information for David T C Davies

846280

registered interest
date	21/02/2018
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 Interconnectors
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 steps are being taken to assess the (a) short and (b) long-term effect on UK power generation of a growth in interconnection.
tabling member constituency	Monmouth
tabling member printed	David T. C. Davies
uin	128950
answer	answer is ministerial correction date of answer 01/03/2018 answer text <p>The Government is committed to making sure consumers have secure, affordable and clean energy now and in the future, and the role of interconnection alongside other technologies in meeting this ambition in the short and long term was set out in our Clean Growth Strategy.</p><p> </p><p>Part of this strategy is ensuring that different technologies compete against each other. For example, the Capacity Market is delivering secure supplies of electricity to homes and businesses through technology neutral auctions that result in a mix of reliable capacity. As part of this, interconnectors help deliver energy security while reducing costs for consumers through increased competition. This year’s auction, in which around 2GW of new interconnector capacity cleared, saw the lowest price yet in the history of the capacity market. We assess the outcome of every Capacity Market auction to see what it means for Great Britain’s future energy security.</p> answering member constituency Devizes answering member printed Claire Perry question first answered 01/03/2018 15:23:16 answering member 3974 label Biography information for Claire Perry
tabling member	1545 label Biography information for David T C Davies