Asked by: Baroness Jones of Moulsecoomb (Green Party - Life peer)
Question to the Department for Business, Energy and Industrial Strategy:
To ask Her Majesty's Government how much the Contracts for Difference Scheme will contribute to the Energy Bill Support Scheme in its first year of operation.
Answered by Lord Callanan - Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
Funding for the Energy Bills Support Scheme is provided by HM Treasury. It is not provided by the Contracts for Difference scheme, which is the Government’s primary method for supporting new low-carbon electricity generation projects in Great Britain.
Asked by: Baroness Jones of Moulsecoomb (Green Party - Life peer)
Question to the Department for Business, Energy and Industrial Strategy:
To ask Her Majesty's Government what steps they are taking to ensure energy consumers benefit from low carbon energy generators paying back the difference between market price and strike price under Contracts for Difference; and how much money has been paid back to date.
Answered by Lord Callanan - Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
The Low Carbon Contracts Company (LCCC), which administers Contracts for Difference (CfD), carries out a financial reconciliation of the scheme’s accounts at the end of each fiscal quarter. In April of this year, the LCCC returned £108.3m to British suppliers in respect of repayments made by generators since last autumn. Repayments to suppliers should ultimately be reflected in the tariffs they offer their customers. This is a commercial decision for each supplier.