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tabling member › label	Biography information for Mr Steve Baker
min answer › date of answer	2022-03-08
answer › previous answer version › answering member › label	Biography information for Greg Hands

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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

previous answer version

answering member constituency

answering member printed

answering member


label

tabling member


label

1452115

registered interest

date

17/03/2022

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

Energy: Billing

house id

legislature

25259

	pref label	House of Commons

question text

To ask the Secretary of State for Business, Energy and Industrial Strategy, what mechanism his Department used to ensure that the £200m in CFD payments made to the Low Carbon Contracts Company by renewables generators between September 2021 and February 2022 was passed through to consumers as energy bill savings.

tabling member constituency

Wycombe

tabling member printed

Mr Steve Baker

uin

141981

answer

is ministerial correction

date of answer

25/03/2022

answer text

<p>Due to current high energy prices, the Low Carbon Contracts Company (LCCC) has temporarily stopped collecting the compulsory levy from suppliers which funds the Contracts for Difference (CfD) scheme. CfD generators have instead paid approximately £205 million back into the scheme from September 2021 to March 2022 inclusive. LCCC returned around £40 million of this to suppliers at the last quarterly reconciliation, with suppliers leaving the balance on account with LCCC to meet future liabilities towards funding the cost of the scheme. This ensures that consumers do not pay higher CfD support costs during periods of high electricity prices.</p>

answering member constituency

Chelsea and Fulham

answering member printed

Greg Hands

question first answered

25/03/2022 13:54:08

answering member

1526

	label	Biography information for Greg Hands

previous answer version

59901

answering member constituency

Chelsea and Fulham

answering member printed

Greg Hands

answering member

1526

	label	Biography information for Greg Hands

tabling member

4064

	label	Biography information for Mr Steve Baker