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min answer › date of answer	2021-07-23
house id	1
uin	57042
hansard heading	Renewable Energy: Finance

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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

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

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

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