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1486763

	registered interest
	date	05/07/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Renewable 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 update the investment allowance to support lower-carbon technologies.
	tabling member printed	Lord Taylor of Warwick
	uin	HL1513
	answer	answer is ministerial correction date of answer 19/07/2022 answer text <p>The Energy Profit’s Levy investment allowance will be calculated in the same way as the investment allowance for the existing Supplementary Charge. However, unlike the Supplementary Charge, it will be available to companies at the point of investment. This makes it both more immediate and more generous.</p><p> </p><p>Since the Levy is targeted at the extraordinary profits from oil and gas upstream activities, it makes sense that any relief for investment must also be related to oil and gas upstream activities. Such spending can be used to decarbonise oil and gas production, for example, through electrification. Therefore, any capital expenditure on electrification, as long as it relates to specific oil activities within the ringfence, will qualify for the allowance.</p> answering member printed Baroness Penn question first answered 19/07/2022 11:57:45 answering member 4726 label Biography information for Baroness Penn
	tabling member	1796 label Biography information for Lord Taylor of Warwick

1127720

	registered interest
	date	21/05/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Renewable Energy: Finance
	house id	1
	legislature	25259 pref label House of Commons
	question text	What recent assessment he has made of trends in the level of public funding for renewable energy since 2010.
	tabling member constituency	Sefton Central
	tabling member printed	Bill Esterson
	uin	911018
	answer	answer is ministerial correction date of answer 21/05/2019 answer text <p>The Government is committed to investing in renewable energy and our support has enabled the UK to become a world leader in clean growth with the fastest emissions reduction on a per person basis than any other G7 nation.</p><p> </p><p>We will spend £4.5 billion between 2016 and 2021 to support the development of renewable and low carbon heating through the Renewable Heat Incentive.</p><p> </p><p>The Government is also encouraging private sector innovation and £92 billion of private funding has been invested in clean energy in the UK since 2010.</p> answering member constituency Newark answering member printed Robert Jenrick question first answered 21/05/2019 13:43:49 answering member 4320 label Biography information for Robert Jenrick
	tabling member	4061 label Biography information for Bill Esterson

1463729

	registered interest
	date	17/05/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Renewable Energy: Finance
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what fiscal steps he is taking to help increase the development of renewable energy.
	tabling member constituency	Rother Valley
	tabling member printed	Alexander Stafford
	uin	3791
	answer	answer is ministerial correction date of answer 23/05/2022 answer text Renewable energy has a central role in the Government’s decarbonisation and levelling-up ambitions. The Government recognises the economic benefits it can derive from renewable energy and is committed to developing these. The Government has taken a number of fiscal steps to support the deployment of renewable energy, including:<p> </p><p>We have moved to annual Contract for Difference auctions, bringing forward the next round to March 2023. This will help to encourage low-carbon generation and provide greater confidence to investors and supply chain companies.</p><p> </p><p>We are investing £160 million in offshore wind ports and the supply chain through the Offshore Wind Manufacturing and Investment Scheme (OWMIS) and have announced up to another £160 million to support development of the floating supply chain. We also recently announced £31 million of UK government funding, to be matched by industry, for research and development in this area.</p><p> </p><p>We have cut VAT rates on solar panels, and solar panel &amp; storage packages, down to 0% (from 5% and 20% respectively) to encourage installation.</p> answering member constituency Faversham and Mid Kent answering member printed Helen Whately question first answered 23/05/2022 08:48:12 answering member 4527 label Biography information for Helen Whately
	tabling member	4866 label Biography information for Alexander Stafford

1671713

	registered interest
	date	21/11/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Renewable Energy: Finance
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will make it his policy to use revenue generated by new North Sea oil and gas licensing to fund green energy initiatives.
	tabling member constituency	Birmingham, Hall Green
	tabling member printed	Tahir Ali
	uin	2943
	answer	answer is ministerial correction date of answer 29/11/2023 answer text <p>The Government is of the view that spending and taxation decisions should be made separately to avoid limiting the ability to manage the public finances flexibly.</p> answering member constituency Grantham and Stamford answering member printed Gareth Davies question first answered 29/11/2023 15:04:40 answering member 4850 label Biography information for Gareth Davies
	tabling member	4747 label Biography information for Tahir Ali

1258460

	registered interest
	date	04/12/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Renewable Energy: Finance
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, with reference to his Department's policy paper, National Infrastructure Strategy, published on 25 November 2020, when he plans to consult on the introduction of more stringent supply chain plan requirements in the Contract for Difference process.
	tabling member constituency	Gateshead
	tabling member printed	Ian Mearns
	uin	125225
	answer	answer is ministerial correction date of answer 09/12/2020 answer text <p>The Department for Business, Energy and Industrial Strategy (BEIS) published a consultation on the introduction of more stringent supply chain plan requirements, including a consequence for the non-delivery of Supply Chain Plan commitments, on 24 November. This consultation will close on 18 January 2021.</p><p> </p><p>BEIS intend to consult separately on the proposed Supply Chain Plan Questionnaire in early 2021.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 09/12/2020 10:49:37 answering member 3991 label Biography information for Jesse Norman
	tabling member	4000 label Biography information for Ian Mearns

1663397

	registered interest
	date	13/10/2023
	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 her Department is taking steps to ensure that energy supplied from renewable sources only incurs a cost to the public purse when it is required on the grid.
	tabling member constituency	Vale of Glamorgan
	tabling member printed	Alun Cairns
	uin	201251
	answer	answer is ministerial correction date of answer 23/10/2023 answer text <p>The Government, through the Review of Electricity Market Arrangements (REMA) programme, is considering reforms needed to electricity market arrangements to drive the necessary investment and efficient operation of a secure, cost-effective, low-carbon electricity system. This includes Government schemes, such as the Renewable Obligation and Contract for Difference, that support the generation of renewable electricity.</p><p> </p><p>The Government will work with Ofgem, National Grid Electricity System Operator (ESO) and the Low Carbon Contracts Company (LCCC) to review and take appropriate steps, when necessary, to ensure that system costs associated with renewable generators' participation in the Balancing Mechanism offers the best value for money for consumers.</p> answering member constituency Beverley and Holderness answering member printed Graham Stuart question first answered 23/10/2023 09:50:44 answering member 1482 label Biography information for Graham Stuart
	tabling member	4086 label Biography information for Alun Cairns

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

1669464

	registered interest
	date	13/11/2023
	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, what assessment she has made of the adequacy of the contract for difference scheme.
	tabling member constituency	East Lothian
	tabling member printed	Kenny MacAskill
	uin	1726
	answer	answer is ministerial correction date of answer 21/11/2023 answer text <p>Since 2014, the Contracts for Difference scheme has proven itself highly effective at driving deployment of large-scale renewables while rapidly reducing costs. The scheme has now contracted over 30GW of new low-carbon capacity, including 20GW of offshore wind. The Government continuously reviews the scheme to ensure it remains fit-for-purpose as our electricity system evolves and we work towards our net zero ambitions. In 2022, the Government published a three-phase evaluation of the scheme, which found that the scheme was meeting its objectives. <a href="http://wqa.parliament.uk" target="_blank"><sup>[1]</sup></a></p><p> </p><p><a href="http://wqa.parliament.uk" target="_blank"><sup>[1]</sup></a><a href="https://eur02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.gov.uk%2Fgovernment%2Fpublications%2Fevaluation-of-the-contracts-for-difference-scheme&amp;data=05%7C01%7CParliamentary.PQ%40energysecurity.gov.uk%7Cd1f8e4f936ba4caad2d208dbe9e03818%7Ccbac700502c143ebb497e6492d1b2dd8%7C0%7C0%7C638360921454431797%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&amp;sdata=72IdjwUzDFhwc2riVLiQ9NeO8Ktb7MhHNpeV9cK31yI%3D&amp;reserved=0" target="_blank">https://www.gov.uk/government/publications/evaluation-of-the-contracts-for-difference-scheme</a></p> answering member constituency Beverley and Holderness answering member printed Graham Stuart question first answered 21/11/2023 07:44:19 answering member 1482 label Biography information for Graham Stuart
	tabling member	4772 label Biography information for Kenny MacAskill

1604925

	registered interest
	date	16/03/2023
	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, what steps his Department is taking to encourage private sector funding for renewables.
	tabling member constituency	Ceredigion
	tabling member printed	Ben Lake
	uin	167208
	answer	answer is ministerial correction date of answer 24/03/2023 answer text <p>The Contracts for Difference scheme is the Government’s main mechanism for supporting investment in new low-carbon electricity generation projects in Great Britain. This month we will be launching the Allocation Round 5, for which Government has set an initial budget of £205 million. Allocation rounds will now run annually to accelerate deployment and investment in renewable generation.</p> answering member constituency Beverley and Holderness answering member printed Graham Stuart question first answered 24/03/2023 12:09:09 answering member 1482 label Biography information for Graham Stuart
	tabling member	4630 label Biography information for Ben Lake

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