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782934
unstar this property registered interest false more like this
star this property date less than 2017-11-02more like thismore than 2017-11-02
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
star this property answering dept short name Business, Energy and Industrial Strategy more like this
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading Wind Power: Seas and Oceans more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Business, Energy and Industrial Strategy, what the offshore wind capital expenditure data was for each of the last two years; and what the evidential basis is for his Department's assessment of the fall in the cost of wind power. more like this
star this property tabling member constituency Monmouth more like this
star this property tabling member printed
David T. C. Davies remove filter
star this property uin 111098 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2017-11-10more like thismore than 2017-11-10
star this property answer text <p>The Department does not hold data on capital expenditure for individual offshore wind projects. The Department’s latest projection of capital expenditure for generic offshore wind projects is published in Arup (2016): Review of Renewable Electricity Generation Cost and Technical Assumptions, and can be found here: <a href="https://www.gov.uk/government/publications/arup-2016-review-of-renewable-electricity-generation-cost-and-technical-assumptions" target="_blank">https://www.gov.uk/government/publications/arup-2016-review-of-renewable-electricity-generation-cost-and-technical-assumptions</a>.</p><p>The Contracts for Difference (CfD) Second Allocation Round results, which were announced on 11 September 2017, showed one offshore wind project commissioning in 2021/22 cleared at a strike price of £74.75/MWh (2012 prices) and two offshore wind projects commissioning in year 2022/23 cleared at a strike price of £57.50/MWh (2012 prices). Both these prices represent a saving on the administrative strike price set using the data from Arup (2016), indicating that offshore wind costs are falling.</p>
star this property answering member constituency Watford more like this
star this property answering member printed Richard Harrington more like this
star this property question first answered
less than 2017-11-10T12:02:03.323Zmore like thismore than 2017-11-10T12:02:03.323Z
star this property answering member
4068
star this property label Biography information for Richard Harrington remove filter
star this property tabling member
1545
star this property label Biography information for David T. C. Davies more like this
782936
unstar this property registered interest false more like this
star this property date less than 2017-11-02more like thismore than 2017-11-02
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
star this property answering dept short name Business, Energy and Industrial Strategy more like this
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading Wind Power: Seas and Oceans more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Business, Energy and Industrial Strategy, what estimate he has made of the cost to the public purse of guaranteeing the strike price to consumers of operational offshore wind sites in (a) 2015 and (b) 2017. more like this
star this property tabling member constituency Monmouth more like this
star this property tabling member printed
David T. C. Davies remove filter
star this property uin 111099 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2017-11-10more like thismore than 2017-11-10
star this property answer text <ul><li>The first Contract For Difference (CfD) allocation round results, published in 2015, saw over 1.2 gigawatts of offshore wind capacity secure contracts, estimated at the time of the auction to cost consumers just over £240 million per year (2012 prices).</li><li>The second round results, announced in September 2017, saw the clearing price half for offshore wind delivered in the auction; we secured an additional 3.2 gigawatts of new offshore wind capacity, estimated at the time of the auction to cost consumers just over £130 million per year (2012 prices).</li><li>There are many factors that affect payments under these contracts, which mean that actual costs may go up or down.</li><li>These results demonstrate that the UK is an attractive place to invest, with a record amount of renewable capacity secured to power our homes.</li><li>The price of offshore wind clearing through the auction has halved in two years, demonstrating that competitive auctions are working well to drive down costs and deliver savings for consumers, whilst delivering the government’s decarbonisation ambitions.</li></ul>
star this property answering member constituency Watford more like this
star this property answering member printed Richard Harrington more like this
star this property question first answered
less than 2017-11-10T13:09:22.613Zmore like thismore than 2017-11-10T13:09:22.613Z
star this property answering member
4068
star this property label Biography information for Richard Harrington remove filter
star this property tabling member
1545
star this property label Biography information for David T. C. Davies more like this