Renewable generators signed up to the Contracts for Difference scheme make payments to energy suppliers, rather than directly to consumers.<\/p>
The total CfD payments made to suppliers relating to the last two quarters was:<\/p>
£258,813,576.63.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4336", "label" : {"_value" : "Biography information for Lord Callanan"} } , "answeringMemberPrinted" : {"_value" : "Lord Callanan"} , "dateOfAnswer" : {"_value" : "2022-11-08", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2022-11-08T12:22:16.83Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "201"} , "answeringDeptShortName" : {"_value" : "Business, Energy and Industrial Strategy"} , "answeringDeptSortName" : {"_value" : "Business, Energy and Industrial Strategy"} , "date" : {"_value" : "2022-10-24", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Renewable Energy: Finance"} , "houseId" : {"_value" : "2"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"} } ], "questionText" : "To ask His Majesty's Government how much consumers were paid back from renewable energy schemes signed up to the Contracts for Difference schemes in the two quarters since April this year.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4297", "label" : {"_value" : "Biography information for Baroness Jones of Moulsecoomb"} } , "tablingMemberPrinted" : [{"_value" : "Baroness Jones of Moulsecoomb"} ], "uin" : "HL2825"} , {"_about" : "http://data.parliament.uk/resources/1491336", "AnsweringBody" : [{"_value" : "Department for Business, Energy and Industrial Strategy"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1491336/answer", "answerText" : {"_value" : "
The Government is committed to minimising energy costs for businesses and consumers.<\/p>
<\/p>
The precise bill impact of Allocation Round 4 (AR4) will be dependent on future wholesale electricity prices, which remain uncertain. Although difficult to predict with certainty, the Government expects AR4 to have a relatively small impact on household bills. AR4 will deliver capacity which is a critical part of the Government\u2019s strategy to reduce system costs and will increase energy independence by contributing towards the transition to a low carbon electricity system.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/1526", "label" : {"_value" : "Biography information for Greg Hands"} } , "answeringMemberConstituency" : {"_value" : "Chelsea and Fulham"} , "answeringMemberPrinted" : {"_value" : "Greg Hands"} , "dateOfAnswer" : {"_value" : "2022-09-06", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2022-09-06T14:12:44.957Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "201"} , "answeringDeptShortName" : {"_value" : "Business, Energy and Industrial Strategy"} , "answeringDeptSortName" : {"_value" : "Business, Energy and Industrial Strategy"} , "date" : {"_value" : "2022-07-21", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Renewable Energy: Finance"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the potential impact of the upcoming Contract for Difference Auction Round 4 on energy bills.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4006", "label" : {"_value" : "Biography information for Dr Matthew Offord"} } , "tablingMemberConstituency" : {"_value" : "Hendon"} , "tablingMemberPrinted" : [{"_value" : "Dr Matthew Offord"} ], "uin" : "41992"} , {"_about" : "http://data.parliament.uk/resources/1486763", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1486763/answer", "answerText" : {"_value" : "
The Energy Profit\u2019s 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>
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>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4726", "label" : {"_value" : "Biography information for Baroness Penn"} } , "answeringMemberPrinted" : {"_value" : "Baroness Penn"} , "dateOfAnswer" : {"_value" : "2022-07-19", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2022-07-19T11:57:45.513Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2022-07-05", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Renewable Energy: Finance"} , "houseId" : {"_value" : "2"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"} } ], "questionText" : "To ask Her Majesty's Government what plans they have to update the investment allowance to support lower-carbon technologies.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/1796", "label" : {"_value" : "Biography information for Lord Taylor of Warwick"} } , "tablingMemberPrinted" : [{"_value" : "Lord Taylor of Warwick"} ], "uin" : "HL1513"} , {"_about" : "http://data.parliament.uk/resources/1463729", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1463729/answer", "answerText" : {"_value" : "Renewable energy has a central role in the Government\u2019s 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>
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>
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>
We have cut VAT rates on solar panels, and solar panel & storage packages, down to 0% (from 5% and 20% respectively) to encourage installation.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4527", "label" : {"_value" : "Biography information for Helen Whately"} } , "answeringMemberConstituency" : {"_value" : "Faversham and Mid Kent"} , "answeringMemberPrinted" : {"_value" : "Helen Whately"} , "dateOfAnswer" : {"_value" : "2022-05-23", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2022-05-23T08:48:12.667Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2022-05-17", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Renewable Energy: Finance"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Chancellor of the Exchequer, what fiscal steps he is taking to help increase the development of renewable energy.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4866", "label" : {"_value" : "Biography information for Alexander Stafford"} } , "tablingMemberConstituency" : {"_value" : "Rother Valley"} , "tablingMemberPrinted" : [{"_value" : "Alexander Stafford"} ], "uin" : "3791"} , {"_about" : "http://data.parliament.uk/resources/1463730", "AnsweringBody" : [{"_value" : "Department for Business, Energy and Industrial Strategy"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1463730/answer", "answerText" : {"_value" : "
I refer my hon. Friend to the answer I gave my hon. Friend the Member for Hendon on 24th May 2022 to Question 2457<\/a>.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/1526", "label" : {"_value" : "Biography information for Greg Hands"}
}
, "answeringMemberConstituency" : {"_value" : "Chelsea and Fulham"}
, "answeringMemberPrinted" : {"_value" : "Greg Hands"}
, "dateOfAnswer" : {"_value" : "2022-05-25", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2022-05-25T09:06:53.683Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "201"}
, "answeringDeptShortName" : {"_value" : "Business, Energy and Industrial Strategy"}
, "answeringDeptSortName" : {"_value" : "Business, Energy and Industrial Strategy"}
, "date" : {"_value" : "2022-05-17", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Renewable Energy: Finance"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the potential impact of the Contracts for Difference Allocation Round 4 on energy bills.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4866", "label" : {"_value" : "Biography information for Alexander Stafford"}
}
, "tablingMemberConstituency" : {"_value" : "Rother Valley"}
, "tablingMemberPrinted" : [{"_value" : "Alexander Stafford"}
], "uin" : "3792"}
, {"_about" : "http://data.parliament.uk/resources/1463031", "AnsweringBody" : [{"_value" : "Department for Business, Energy and Industrial Strategy"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1463031/answer", "answerText" : {"_value" : " The Government is committed to minimising energy costs for businesses and consumers. Contracts for Difference offer value-for-money to consumers and continue to deliver low prices. For example, between the first allocation round in 2015 and the last round in 2019, the price per unit (MWh) of offshore wind fell by around 65%.<\/p> <\/p> Competitive auctions are proven to be effective in helping to keep costs down and this year\u2019s auction has been designed to keep the allocation process highly competitive. The impact will be dependent on the outcome of the competitive auction process; it is expected that this year\u2019s round will have a small impact on household bills.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/1526", "label" : {"_value" : "Biography information for Greg Hands"}
}
, "answeringMemberConstituency" : {"_value" : "Chelsea and Fulham"}
, "answeringMemberPrinted" : {"_value" : "Greg Hands"}
, "dateOfAnswer" : {"_value" : "2022-05-24", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2022-05-24T14:35:01.593Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "201"}
, "answeringDeptShortName" : {"_value" : "Business, Energy and Industrial Strategy"}
, "answeringDeptSortName" : {"_value" : "Business, Energy and Industrial Strategy"}
, "date" : {"_value" : "2022-05-16", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Renewable Energy: Finance"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the potential effect of the upcoming Contract for Difference Auction Round 4 on energy bills.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4006", "label" : {"_value" : "Biography information for Dr Matthew Offord"}
}
, "tablingMemberConstituency" : {"_value" : "Hendon"}
, "tablingMemberPrinted" : [{"_value" : "Dr Matthew Offord"}
], "uin" : "2457"}
, {"_about" : "http://data.parliament.uk/resources/1439255", "AnsweringBody" : [{"_value" : "Department for Business, Energy and Industrial Strategy"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1439255/answer", "answerText" : {"_value" : " The Contracts for Difference (CfD) scheme is the Government\u2019s 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> 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>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/1526", "label" : {"_value" : "Biography information for Greg Hands"}
}
, "answeringMemberConstituency" : {"_value" : "Chelsea and Fulham"}
, "answeringMemberPrinted" : {"_value" : "Greg Hands"}
, "dateOfAnswer" : {"_value" : "2022-03-14", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2022-03-14T15:46:05.04Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "201"}
, "answeringDeptShortName" : {"_value" : "Business, Energy and Industrial Strategy"}
, "answeringDeptSortName" : {"_value" : "Business, Energy and Industrial Strategy"}
, "date" : {"_value" : "2022-03-09", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Renewable Energy: Finance"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "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.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4859", "label" : {"_value" : "Biography information for Virginia Crosbie"}
}
, "tablingMemberConstituency" : {"_value" : "Ynys Môn"}
, "tablingMemberPrinted" : [{"_value" : "Virginia Crosbie"}
], "uin" : "137456"}
, {"_about" : "http://data.parliament.uk/resources/1422003", "AnsweringBody" : [{"_value" : "Department for Business, Energy and Industrial Strategy"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1422003/answer", "answerText" : {"_value" : " 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.[1]<\/sup><\/sup><\/p> <\/p> <\/p> [1] https://questions-statements.parliament.uk/written-statements/detail/2022-02-09/hcws600<\/a><\/p> <\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/1526", "label" : {"_value" : "Biography information for Greg Hands"}
}
, "answeringMemberConstituency" : {"_value" : "Chelsea and Fulham"}
, "answeringMemberPrinted" : {"_value" : "Greg Hands"}
, "dateOfAnswer" : {"_value" : "2022-02-21", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2022-02-21T16:40:24.377Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "201"}
, "answeringDeptShortName" : {"_value" : "Business, Energy and Industrial Strategy"}
, "answeringDeptSortName" : {"_value" : "Business, Energy and Industrial Strategy"}
, "date" : {"_value" : "2022-02-10", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Renewable Energy: Finance"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "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.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4390", "label" : {"_value" : "Biography information for Ian Blackford"}
}
, "tablingMemberConstituency" : {"_value" : "Ross, Skye and Lochaber"}
, "tablingMemberPrinted" : [{"_value" : "Ian Blackford"}
], "uin" : "122698"}
, {"_about" : "http://data.parliament.uk/resources/1418191", "AnsweringBody" : [{"_value" : "Department for Business, Energy and Industrial Strategy"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1418191/answer", "answerText" : {"_value" : " The Low Carbon Contracts Company publishes information on payments to projects supported by the Contracts for Difference scheme on their Data Portal[1].<\/p>