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1640611

registered interest
date	25/05/2023
answering body	Department for Energy Security and Net Zero
answering dept id	215
answering dept short name	Energy Security and Net Zero
answering dept sort name	Energy Security and Net Zero
hansard heading	Energy: Finance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Energy Security and Net Zero, how much from the public purse the Government has invested in the UK energy industry since 2010; and if he will make a comparative assessment of that level of funding against spending in (a) the US and (b) other international counterparts over the same time period.
tabling member constituency	Meriden
tabling member printed	Saqib Bhatti
uin	186990
answer	answer is ministerial correction date of answer 08/06/2023 answer text <p>The UK has seen nearly £200 billion of public and private investment into low carbon energy sectors between 2010 and 2022. This is 50% higher than the US as a share of GDP. A comparison with other G7 countries is set out in Figure 2 of <a href="https://eur02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fassets.publishing.service.gov.uk%2Fgovernment%2Fuploads%2Fsystem%2Fuploads%2Fattachment_data%2Ffile%2F1147457%2Fpowering-up-britain-net-zero-growth-plan.pdf&amp;data=05%7C01%7CParliamentary.PQ%40energysecurity.gov.uk%7Cbcdd2204f0934eac282008db67fe83b5%7Ccbac700502c143ebb497e6492d1b2dd8%7C0%7C0%7C638218115048475912%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&amp;sdata=AayPySJoedQycnAj8X2mjzSPXoenusikjciAupvRpNw%3D&amp;reserved=0" target="_blank">Powering Up Britain: The Net Zero Growth Plan</a>. A split between public and private sources of investment is not available from the data.</p> answering member constituency Beverley and Holderness answering member printed Graham Stuart question first answered 08/06/2023 15:58:50 answering member 1482 label Biography information for Graham Stuart
tabling member	4818 label Biography information for Saqib Bhatti

1538398

registered interest
date	01/11/2022
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	Energy: Finance
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government how much money was spent both commercially and domestically on energy in the UK in (1) 2019, (2) 2020, and (3) 2021; and what assessment they have made of the expected expenditure on energy in (a) 2022, and (b) in each subsequent year to 2030.
tabling member printed	Baroness Hayman
uin	HL3095
answer	answer is ministerial correction date of answer 15/11/2022 answer text <p>The value of expenditure on all UK energy, by sector, for 2019, 2020 and 2021, is published as part of the Digest of UK Energy Statistics (DUKES) value balances.</p><p> </p><p>Statistics on energy expenditure for 2022 will be published in July 2023 and will reflect the support government has announced for both non-domestic and domestic energy consumers over the winter. For example, the Energy Price Guarantee will save the typical household around £700 on its energy bill over six months to March 2023.</p><p> </p><p>Over the longer-term, policies to improve energy efficiency and increase low carbon energy supply will help to reduce both the amount of energy consumed and exposure to volatile international fossil fuel prices.</p> answering member printed Lord Callanan question first answered 15/11/2022 17:22:43 answering member 4336 label Biography information for Lord Callanan attachment 1 file name DUKES_1.2.pdf title DUKES - value balances, traded energy
tabling member	1649 label Biography information for Baroness Hayman

1353634

registered interest
date	07/09/2021
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	Energy: Finance
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what plans they have to legislate to allow the use of a Regulated Asset Base funding model for (1) new nuclear infrastructure, and (2) other energy projects.
tabling member printed	Lord Marlesford
uin	HL2499
answer	answer is ministerial correction date of answer 22/09/2021 answer text <p>As we stated in our response to the consultation on a Regulated Asset Base (RAB) for nuclear published on 14<sup>th</sup> December 2020, we believe that a RAB is a credible model for funding nuclear projects, as it should reduce the cost of finance and thereby reduce consumer bills.</p><p>We are also considering whether a RAB model could be applied to other low carbon technologies, including transport and storage infrastructure for carbon dioxide (outlined in the government’s response to the carbon capture, usage and storage business models consultation).</p><p>We have always been clear that any new nuclear project must provide value for money for consumers and taxpayers.</p><p>Currently no decisions have been taken concerning Government financing of the Sizewell C nuclear power project, ahead of the final investment decision.</p><p>The Government continues to explore the use of a Regulated Asset Base model for new nuclear projects and believes that this could be a viable means by which to finance new projects. Decisions on how the model would be applied to new projects have yet to be taken and would be subject to value for money and all relevant approvals.</p><p>BEIS officials are engaged regularly with representatives from both EDF Energy and the Office for Nuclear Regulation (the ONR) on a wide range of matters relating to nuclear reactors.</p> answering member printed Lord Callanan grouped question UIN HL2500 HL2501 HL2503 question first answered 22/09/2021 13:50:39 answering member 4336 label Biography information for Lord Callanan
tabling member	1854 label Biography information for Lord Marlesford

1352887

registered interest
date	06/09/2021
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	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, with reference to the IEA report entitled Net Zero by 2050, A Roadmap for the Global Energy Sector, published in May 2021, what steps he plans to take in response to the recommendation there should be no new investments in oil and gas production fields, coal mines or unabated coal power plants beyond 2021.
tabling member constituency	Hornsey and Wood Green
tabling member printed	Catherine West
uin	43605
answer	answer is ministerial correction date of answer 14/09/2021 answer text <p>As we move towards net-zero, oil and gas will play a smaller, but still an important role in meeting UK energy demand. All scenarios proposed by the Climate Change Committee setting out how we could meet our 2050 net zero emissions target include continuing demand for oil and natural gas.</p><p> </p><p>The IEA report acknowledges that continued investment in existing sources of hydrocarbons will be required to meet the world’s energy demands on the pathway to net zero.</p><p> </p><p>Looking forward, the Government will introduce a climate compatibility checkpoint which will be used to assess whether any future licensing rounds remain in keeping with our climate goals. We have committed to launching this checkpoint by the end of 2021.</p><p> </p><p>In relation to coal powered generation, in June, we announced the deadline for phasing out unabated coal generation in Great Britain will be brought forward to 1 October 2024 as part of our drive to go further and faster in decarbonising the power sector as we work towards net zero emissions by 2050.</p> answering member constituency Berwick-upon-Tweed answering member printed Anne-Marie Trevelyan question first answered 14/09/2021 15:43:17 answering member 4531 label Biography information for Anne-Marie Trevelyan
tabling member	4523 label Biography information for Catherine West

1186211

registered interest
date	18/03/2020
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: 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 discussions his Department has had with energy suppliers on providing customers with financial support during the covid-19 outbreak.
tabling member constituency	Weaver Vale
tabling member printed	Mike Amesbury
uin	31593
answer	answer is ministerial correction date of answer 23/03/2020 answer text <p>The Government announced on 19 March that we have secured a voluntary agreement with domestic energy supply companies to support customers impacted by Covid-19.</p><p>Under the terms of this agreement, energy suppliers will seek to identify and prioritise customers at risk, support customers who are impacted financially, and support prepayment meter customers to stay on supply.</p><p>The support offered will be based on the individual circumstances of the customer and the systems, processes and capability of the supply company. It could include extending discretionary or friendly credit, or sending out a pre-loaded top up card for prepay customers who are unable to leave home to top up.</p> answering member constituency Spelthorne answering member printed Kwasi Kwarteng question first answered 23/03/2020 14:39:07 answering member 4134 label Biography information for Kwasi Kwarteng
tabling member	4667 label Biography information for Mike Amesbury

1090932

registered interest
date	18/03/2019
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: 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 made an assessment of the effect of the timetable for Ofgem's Targeted Charging review on (a) investment and (b) innovation in (i) onsite flexible generation and (ii) a future flexible energy system.
tabling member constituency	North Cornwall
tabling member printed	Scott Mann
uin	233578
answer	answer is ministerial correction date of answer 21/03/2019 answer text <p>Ofgem’s Targeted Charging Review is seeking to ensure all parties connected to the electricity network make a fair contribution to its fixed costs. As was outlined in the ‘After the Trilemma’ speech of 15 November 2018, it is important that we develop an energy system that discourages free riding and ensures a fair distribution of such costs.</p><p> </p><p>Network charging is a matter for Ofgem as the independent regulator, and decisions on its Targeted Charging Review are for it to make. However, Government is working to understand the policy implications of Ofgem’s review proposals across a broad range of interests. The analysis which Ofgem has published as part of its recently closed consultation shows that the proposals could affect investment decisions across a number of technologies, but no final decisions have been taken on timetable or other aspects.</p> answering member constituency Devizes answering member printed Claire Perry question first answered 21/03/2019 12:08:50 answering member 3974 label Biography information for Claire Perry
tabling member	4496 label Biography information for Scott Mann

1091086

registered interest
date	18/03/2019
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: 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 effect of the timing of Ofgem's Targeted Charging Review on (a) the deployment of distributed generation technologies, (b) businesses with onsite generation and renewables and (b) the transition to a low carbon, flexible energy system.
tabling member constituency	Scunthorpe
tabling member printed	Nic Dakin
uin	233541
answer	answer is ministerial correction date of answer 26/03/2019 answer text <p>Ofgem’s Targeted Charging Review is seeking to ensure all parties connected to the electricity network make a fair contribution to its fixed costs. As was outlined in the ‘After the Trilemma’ speech of 15 November 2018, it is important that we develop an energy system that discourages free riding and ensures a fair distribution of such costs.</p><p>Network charging is a matter for Ofgem as the independent regulator, and decisions on its Targeted Charging Review are for it to make. However, Government is working to understand the wider policy implications of their proposals across a range of priorities, and expects Ofgem to take decisions in line with their primary duty to protect current and future consumers. The regular discussions which Ministers and officials have with Ofgem and other stakeholders are supporting our consideration. The analysis which Ofgem published as part of its recently closed consultation shows that the proposals could affect investment decisions across a number of technologies, but no final decisions have been taken on timing or other aspects.</p> answering member constituency Devizes answering member printed Claire Perry grouped question UIN 233542 question first answered 26/03/2019 15:28:40 answering member 3974 label Biography information for Claire Perry
tabling member	4056 label Biography information for Nic Dakin

1091087

registered interest
date	18/03/2019
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: 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 discussions he has had with representatives from Ofgem on the effect of the timing of the current Targeted Charging Review on investment in (a) renewables, (b) energy efficiency, (c) innovation and (d) on site generation for businesses.
tabling member constituency	Scunthorpe
tabling member printed	Nic Dakin
uin	233542
answer	answer is ministerial correction date of answer 26/03/2019 answer text <p>Ofgem’s Targeted Charging Review is seeking to ensure all parties connected to the electricity network make a fair contribution to its fixed costs. As was outlined in the ‘After the Trilemma’ speech of 15 November 2018, it is important that we develop an energy system that discourages free riding and ensures a fair distribution of such costs.</p><p>Network charging is a matter for Ofgem as the independent regulator, and decisions on its Targeted Charging Review are for it to make. However, Government is working to understand the wider policy implications of their proposals across a range of priorities, and expects Ofgem to take decisions in line with their primary duty to protect current and future consumers. The regular discussions which Ministers and officials have with Ofgem and other stakeholders are supporting our consideration. The analysis which Ofgem published as part of its recently closed consultation shows that the proposals could affect investment decisions across a number of technologies, but no final decisions have been taken on timing or other aspects.</p> answering member constituency Devizes answering member printed Claire Perry grouped question UIN 233541 question first answered 26/03/2019 15:28:40 answering member 3974 label Biography information for Claire Perry
tabling member	4056 label Biography information for Nic Dakin

834200

registered interest
date	31/01/2018
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: 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, if he will make an assessment of the potential merits of the recommendations of the Bloomberg New Energy Finance report State of Clean Energy Investment, published 16 January 2018; and if he will make a statement.
tabling member constituency	Coventry South
tabling member printed	Mr Jim Cunningham
uin	125837
answer	answer is ministerial correction date of answer 05/02/2018 answer text <p>As part of our commitment to clean growth, we are always interested in the views of external organisations and their predictions and recommendations.</p><p> </p><p>The UK is a world leader in clean growth and has invested more than £52 billion in renewable energy in the UK since 2010. Our Industrial Strategy sets out how we want to make sure that the UK continues to reap the benefits from the transition to a low carbon economy. That’s why we are investing £2.5 billion to support low carbon innovation in the UK between 2015 and 2021, and are making Clean Growth a priority of the Industrial Strategy Challenge Fund,</p><p> </p><p>In addition, Government has established a <a href="https://www.gov.uk/government/news/uk-government-launches-plan-to-accelerate-growth-of-green-finance" target="_blank">Green Finance Taskforce</a> to accelerate the growth of green finance and look for ways in which the Government can further support investment in low carbon deals.</p> answering member constituency Devizes answering member printed Claire Perry question first answered 05/02/2018 14:19:24 answering member 3974 label Biography information for Claire Perry
tabling member	308 label Biography information for Mr Jim Cunningham

820917

registered interest
date	11/01/2018
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: 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, how much money was paid by the Government to (a) electricity transmission, (b) electricity distribution and (c) gas distribution companies in each of the last four years.
tabling member constituency	Central Suffolk and North Ipswich
tabling member printed	Dr Dan Poulter
uin	122335
answer	answer is ministerial correction date of answer 18/01/2018 answer text <p>Great Britain’s electricity and gas transmission and distribution networks are operated by private companies regulated by the independent energy regulator Ofgem in order to ensure that they deliver a safe, reliable network whilst investing for the future and providing value for money for customers.</p><p>The regulation process, including the setting of price controls which determines revenue allowances for network companies, is a matter for Ofgem and, by law, must be carried out independently of Government.</p><p>Ofgem estimates that the design of the current price control (which started in 2013 for electricity transmission and gas distribution and 2015 for electricity distribution), together with voluntary returns by network companies, is expected to secure additional savings of £4.5bn for consumers during the course of the price control. Ofgem is continuing to engage with network companies to identify further savings and has warned them to prepare for tougher price controls in the future.</p> answering member constituency Watford answering member printed Richard Harrington grouped question UIN 122339 122340 question first answered 18/01/2018 14:10:20 answering member 4068 label Biography information for Lord Harrington of Watford
tabling member	3932 label Biography information for Dr Dan Poulter