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1646115
star this property registered interest false more like this
star this property date less than 2023-06-20more like thismore than 2023-06-20
star this property answering body
Department for Energy Security and Net Zero more like this
star this property answering dept id 215 more like this
star this property answering dept short name Energy Security and Net Zero more like this
star this property answering dept sort name Energy Security and Net Zero more like this
star this property hansard heading Electricity and Renewable Energy: Prices 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 Energy Security and Net Zero, what assessment he has made of the implications for his policies of reports that gas prices determine the cost of (a) electricity and (b) renewable electricity prices. more like this
star this property tabling member constituency Putney more like this
star this property tabling member printed
Fleur Anderson more like this
unstar this property type
WrittenParliamentaryQuestion
star this property uin 190490 remove filter
star this property answer
answer
star this property is ministerial correction false remove filter
star this property date of answer less than 2023-06-28more like thismore than 2023-06-28
star this property answer text <p>Like all commodities markets globally, the UK's wholesale electricity market works through marginal pricing, where the price is set by the additional unit needed to meet overall demand. This provides a signal of the value of consuming or generating an additional unit at any given time, on which both operational and investment decisions can be made.</p><p> </p><p>As part of the Review of Electricity Market Arrangements (REMA) programme, the Government is considering a range of potential options to maintain the benefits of marginal pricing, while shielding consumers from the impacts of potential future commodity price spikes and ensuring they benefit from lower cost renewables.</p> more like this
star this property answering member constituency Beverley and Holderness more like this
star this property answering member printed Graham Stuart more like this
star this property question first answered
less than 2023-06-28T10:04:11.027Zmore like thisremove minimum value filter
star this property answering member
1482
star this property label Biography information for Graham Stuart more like this
star this property tabling member
4788
star this property label Biography information for Fleur Anderson more like this