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1718932

registered interest
date	16/05/2024
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 her planned timetable is for announcing the final revised budget for contracts for difference allocation round six.
tabling member constituency	Angus
tabling member printed	Dave Doogan
uin	26758
answer	answer is ministerial correction date of answer 21/05/2024 answer text <p>National Grid ESO are currently reviewing applications against the published CfD qualification criteria. The outcomes of this process will dictate timings for when my right hon. Friend the Secretary of State will decide whether an increase to the budget is appropriate. The different timeline scenarios are published here:</p><p> </p><p><a href="https://eur02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.cfdallocationround.uk%2Fnews%2Far6-core-parameters-published&amp;data=05%7C02%7CParliamentary.PQ%40energysecurity.gov.uk%7C35c7daa723de42ec78e108dc79b43a4b%7Ccbac700502c143ebb497e6492d1b2dd8%7C0%7C0%7C638519062177322102%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&amp;sdata=IJreLNHWN1BG7lCsxM7favds8S5jUAPhH4RxKjTlCxU%3D&amp;reserved=0" target="_blank">https://www.cfdallocationround.uk/news/ar6-core-parameters-published</a></p> answering member constituency West Aberdeenshire and Kincardine answering member printed Andrew Bowie question first answered 21/05/2024 16:39:40 answering member 4601 label Biography information for Andrew Bowie
tabling member	4736 label Biography information for Dave Doogan

1718035

registered interest
date	14/05/2024
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, pursuant to the Answer of 30 April 2024 to Question 23797 on Renewable Energy: Finance, what approximate capacity her Department expects to be successful for the Contracts for Difference AR6.
tabling member constituency	Angus
tabling member printed	Dave Doogan
uin	26275
answer	answer is ministerial correction date of answer 17/05/2024 answer text <p>National Grid ESO are now reviewing the applications against Contracts for Difference qualification criteria. The volume of capacity successful will depend on a range of factors including the volume of eligible applications, and subsequent bid prices. We cannot pre-judge the outcome of AR6.</p> answering member constituency West Aberdeenshire and Kincardine answering member printed Andrew Bowie question first answered 17/05/2024 13:28:30 answering member 4601 label Biography information for Andrew Bowie
tabling member	4736 label Biography information for Dave Doogan

1714026

registered interest
date	26/04/2024
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, with reference to Appendix 2 of the Contracts for Difference AR6 Allocation Framework 2024, Appendix 2 of the Contracts for Difference AR5 Allocation Framework 2023 and Appendix 2 of the Contracts for Difference AR4 Allocation Framework 2021, what methodology her Department used to calculate the market reference prices for the years 2026-27 to 2030-31; and for what reason it has been set lower than previous Contracts for Difference Allocation Rounds.
tabling member constituency	Angus
tabling member printed	Dave Doogan
uin	23952
answer	answer is ministerial correction date of answer 01/05/2024 answer text <p>As set out in the accompanying note to the Budget Notice[1], the reference prices we use for the CfD budget are an output from the Department’s main power model and are characteristic of decarbonisation pathways that are net-zero consistent. Wholesale electricity prices are driven by many factors including electricity demand profiles, the plants that generate to meet this demand, as well as fuel price assumptions and carbon price assumptions. Changes in reference prices between rounds depend on the assumptions used in power modelling and the delivery years for each allocation round.</p><p> </p><p>[1] The accompanying note to the Budget Notice can be found here:</p><p><a href="https://eur02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.gov.uk%2Fgovernment%2Fpublications%2Fcontracts-for-difference-cfd-allocation-round-6-statutory-notices&amp;data=05%7C02%7CParliamentary.PQ%40energysecurity.gov.uk%7C9ba5023041b04ec6760908dc692d94b9%7Ccbac700502c143ebb497e6492d1b2dd8%7C0%7C0%7C638500891684410764%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&amp;sdata=WunRH0cV5boaGDFHmPM1SJU%2BmksN%2FI1bxKETyzzMG1A%3D&amp;reserved=0" target="_blank">https://www.gov.uk/government/publications/contracts-for-difference-cfd-allocation-round-6-statutory-notices</a></p><p> </p> answering member constituency West Aberdeenshire and Kincardine answering member printed Andrew Bowie question first answered 01/05/2024 05:23:52 answering member 4601 label Biography information for Andrew Bowie
tabling member	4736 label Biography information for Dave Doogan

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

1691339

registered interest
date	23/02/2024
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, how much funding has been allocated for the Contracts for Difference : Allocation Round 6.
tabling member constituency	East Londonderry
tabling member printed	Mr Gregory Campbell
uin	15414
answer	answer is ministerial correction date of answer 28/02/2024 answer text <p>The Budget Notice for Allocation Round 6 of the Contracts for Difference Scheme is due to be published by 13 March 2024. The Government seeks to set the budget at a level that supports competition and delivers on the deployment and value for money objectives of the scheme.</p> answering member constituency West Aberdeenshire and Kincardine answering member printed Andrew Bowie question first answered 28/02/2024 17:32:48 answering member 4601 label Biography information for Andrew Bowie
tabling member	1409 label Biography information for Mr Gregory Campbell

1667624

registered interest
date	07/11/2023
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	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 she plans to amend the methodology used to set administrative strike prices for all renewable technologies in the Contracts for Difference allocation round six.
tabling member constituency	Wyre Forest
tabling member printed	Mark Garnier
uin	195
answer	answer is ministerial correction date of answer 13/11/2023 answer text <p>The Government reviews auction parameters, including Administrative Strike Prices (ASP) and the ASP methodology, ahead of every Contracts for Difference Allocation Round. Considering recent price volatility and that no offshore wind technologies were successful in Allocation Round 5, the Government has conducted a thorough review of its cost assumptions ahead of Allocation Round 6. The Government is committed to ensuring that it sets the parameters at a level that would allow sustainably priced projects in the pipeline to compete in the auction. The ASP methodology will be published alongside core parameters in November 2023.</p> answering member constituency Beverley and Holderness answering member printed Graham Stuart question first answered 13/11/2023 15:32:07 answering member 1482 label Biography information for Graham Stuart
tabling member	4074 label Biography information for Mark Garnier

1439255

registered interest
date	09/03/2022
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	Renewable 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 potential merits of further increasing investment in (a) onshore wind, (b) solar, (c) tidal and (d) other renewable energy sources such in order to further diversify energy generation in the UK; what steps he is taking to support the development of energy storage facilities; and what his planned timetable is for publishing the findings of the call for evidence on large scale, long duration energy storage.
tabling member constituency	Ynys Môn
tabling member printed	Virginia Crosbie
uin	137456
answer	answer is ministerial correction date of answer 14/03/2022 answer text <p>The Contracts for Difference (CfD) scheme is the Government’s main mechanism for supporting new low-carbon electricity generation projects in Great Britain. The fourth allocation round of the CfD scheme (AR4) opened on 13 December 2021 and aims to secure more low-carbon electricity capacity than the previous three rounds combined. AR4 is open to an expanded number of renewable technologies, including offshore wind, onshore wind, solar, tidal stream and floating offshore wind. In February, the Government also announced that the next CfD allocation round will be brought forward to March 2023, and future rounds will run annually, rather than every two years, thereafter. This will support renewable electricity producers and further drive deployment of renewable power.</p><p>In 2019 BEIS launched the Storage at Scale competition, which funded demonstration facilities for two innovative energy storage facilities. In 2021, BEIS launched a further programme, The Longer Duration Energy Storage competition. In February 2022, BEIS announced funding for 24 projects under this competition to perform engineering design or feasibility studies of their technologies. The Government is reviewing the responses to the Call for Evidence on large-scale, long-duration electricity storage, alongside analysis the Department commissioned on the role of this type of storage in the electricity system. The Government will publish a response in due course.</p> answering member constituency Chelsea and Fulham answering member printed Greg Hands question first answered 14/03/2022 15:46:05 answering member 1526 label Biography information for Greg Hands
tabling member	4859 label Biography information for Virginia Crosbie

1422003

registered interest
date	10/02/2022
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	Renewable 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 plans to implement the Contracts for Difference auction and allocation on an annual basis.
tabling member constituency	Ross, Skye and Lochaber
tabling member printed	Ian Blackford
uin	122698
answer	answer is ministerial correction date of answer 21/02/2022 answer text <p>On 9 February 2022, the Secretary of State announced that Contracts for Difference allocation rounds will be held on an annual basis from March 2023, when the next round (AR5) will open to applications.<sup><sup>[1]</sup></sup></p><p> </p><p> </p><p>[1] <a href="https://questions-statements.parliament.uk/written-statements/detail/2022-02-09/hcws600" target="_blank">https://questions-statements.parliament.uk/written-statements/detail/2022-02-09/hcws600</a></p><p> </p> answering member constituency Chelsea and Fulham answering member printed Greg Hands question first answered 21/02/2022 16:40:24 answering member 1526 label Biography information for Greg Hands
tabling member	4390 label Biography information for Ian Blackford

1347306

registered interest
date	15/07/2021
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	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps his Department is taking to ensure that the Contracts for Difference scheme provides sufficient long-term visibility to investors making financial decisions.
tabling member constituency	Southampton, Test
tabling member printed	Dr Alan Whitehead
uin	33834
answer	answer is ministerial correction date of answer 20/07/2021 answer text <p>The Contracts for Difference (CfD) scheme has been successful in bringing forward renewable generation whilst also reducing the costs of technology and since its inception has become established as a route to bring forward investment at scale. As set out in my Rt. Hon. Friend the Prime Ministers’ Ten Point Plan for a Green Industrial Revolution, we have committed to holding regular CfD allocation rounds approximately every two years, and the next round will open in December 2021. The Department continues to keep the scheme under review to ensure it maintains a focus on investment certainty and stability to enable renewable deployment at scale. We recently concluded a Call for Evidence on this topic, seeking views to inform the future design and evolution of the CfD and will publish a response shortly.</p> answering member constituency Berwick-upon-Tweed answering member printed Anne-Marie Trevelyan question first answered 20/07/2021 16:23:02 answering member 4531 label Biography information for Anne-Marie Trevelyan
tabling member	62 label Biography information for Dr Alan Whitehead