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1713821

registered interest
date	25/04/2024
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	Renewable 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, what assessment her Department has made of the potential merits of increasing the budget for Pot 1 of the Contracts for Difference AR6 to ensure that Government targets for established technologies are met.
tabling member constituency	Angus
tabling member printed	Dave Doogan
uin	23796
answer	answer is ministerial correction date of answer 30/04/2024 answer text <p>National Grid ESO (NG ESO) is currently assessing applications to Allocation Round 6 of the Contracts for Difference scheme. Later this year, the Secretary of State will have an opportunity to review the budget following receipt of the formal valuation of applications from NG ESO.</p> answering member constituency West Aberdeenshire and Kincardine answering member printed Andrew Bowie question first answered 30/04/2024 16:04:22 answering member 4601 label Biography information for Andrew Bowie
tabling member	4736 label Biography information for Dave Doogan

1713822

registered interest
date	25/04/2024
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	Renewable 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, whether her Department has made an assessment of the potential impact of lowering the market reference prices for the Contracts for Difference AR6 on the (a) budget that can be allocated to projects during the auction, (b) number of projects that can be awarded in that round and (c) total capacity that will be secured through AR6.
tabling member constituency	Angus
tabling member printed	Dave Doogan
uin	23797
answer	answer is ministerial correction date of answer 30/04/2024 answer text <p>The reference prices we use for the Contracts for Difference budget are an output from the Department’s main power model and are characteristic of decarbonisation pathways that are net-zero consistent.</p><p> </p><p>Budgets are set based on a wide range of factors such as an assessment of the pipeline of projects that could participate in the auction, rather than being a pre-determined monetary constraint. If reference prices were higher or lower, the budget would change accordingly, and approximately the same capacity would likely be successful in the auction.</p> answering member constituency West Aberdeenshire and Kincardine answering member printed Andrew Bowie question first answered 30/04/2024 16:05:35 answering member 4601 label Biography information for Andrew Bowie
tabling member	4736 label Biography information for Dave Doogan