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1668854

	registered interest
	date	09/11/2023
	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, how her Department plans to take into account changes in the level of costs when setting the Administrative Strike Price for renewable technologies in Allocation Round 6 of the Contracts for Difference.
	tabling member constituency	Orkney and Shetland
	tabling member printed	Mr Alistair Carmichael
	uin	1047
	answer	answer is ministerial correction date of answer 17/11/2023 answer text <p>The Government reviews auction parameters, including Administrative Strike Prices, 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 will set parameters that reflect the Contracts for Difference scheme’s objective to encourage low-carbon generation whilst considering net zero commitments, energy security and the likely cost to consumers. Core parameters for Allocation Round 6 will be published in November 2023.</p> answering member constituency Beverley and Holderness answering member printed Graham Stuart grouped question UIN 1048 question first answered 17/11/2023 07:56:30 answering member 1482 label Biography information for Graham Stuart
	tabling member	1442 label Biography information for Mr Alistair Carmichael

1668855

	registered interest
	date	09/11/2023
	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, if she will make an assessment of the potential merits of a 50% increase in Administrative Strike Prices; and whether an increase in those Prices applies to all renewable technologies in Allocation Round 6.
	tabling member constituency	Orkney and Shetland
	tabling member printed	Mr Alistair Carmichael
	uin	1048
	answer	answer is ministerial correction date of answer 17/11/2023 answer text <p>The Government reviews auction parameters, including Administrative Strike Prices, 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 will set parameters that reflect the Contracts for Difference scheme’s objective to encourage low-carbon generation whilst considering net zero commitments, energy security and the likely cost to consumers. Core parameters for Allocation Round 6 will be published in November 2023.</p> answering member constituency Beverley and Holderness answering member printed Graham Stuart grouped question UIN 1047 question first answered 17/11/2023 07:56:30 answering member 1482 label Biography information for Graham Stuart
	tabling member	1442 label Biography information for Mr Alistair Carmichael