Asked by: Lord Lilley (Conservative - Life peer)
Question to the Department for Energy Security & Net Zero:
To ask His Majesty's Government, further to the Written Answer by Lord Wilson of Sedgefield on 27 June (HL 8452), whether the analysis by the National Energy System Operator drew directly on (1) information published in audited accounts of special purpose vehicles (SPVs), (2) Gordon Hughes' analysis of 247 SPVs for wind projects published in Wind Power Economics: Rhetoric and Reality, Volume 1 – Wind Power Costs in the United Kingdom published in 2020, or (3) Gordon Hughes' analysis of 301 SPVs for solar projects published in The economics of utility-scale solar generation published in 2022; and if not, what was the source for their estimates of the capital and operating costs of wind and solar projects
Answered by Lord Wilson of Sedgefield - Lord in Waiting (HM Household) (Whip)
The National Energy System Operator (NESO) is an operationally independent public body, and the Department does not hold information on the methodology used in their analysis. I have instructed officials to contact NESO to request a response to the noble Lord, and a copy of their reply will be placed in the Libraries of the House.
Asked by: Lord Lilley (Conservative - Life peer)
Question to the Department for Energy Security & Net Zero:
To ask His Majesty's Government whether, as part of the EU–UK Reset Agreement, they have (1) committed to linking the UK to the EU Emissions Trading Scheme 2 (ETS2), (2) agreed to discuss linking the UK to the ETS2 without commitment, or (3) decided not to link the UK to the ETS2.
Answered by Lord Wilson of Sedgefield - Lord in Waiting (HM Household) (Whip)
As part of the UK-EU Summit on 19th May, the UK and the EU have agreed to work towards linking the UK Emissions Trading Scheme (UK ETS) and EU Emissions Trading System (EU ETS). This will be subject to negotiations.
The Government has agreed with the EU that we will not be linking the UK to the EU Emissions Trading Scheme 2 (ETS2). EU ETS 2 is a separate scheme to the original EU ETS and covers emissions from buildings and road transport.
Asked by: Lord Lilley (Conservative - Life peer)
Question to the Department for Energy Security & Net Zero:
To ask His Majesty's Government what assessment they have made of the report published on 3 March by Gordon Hughes and Net Zero Watch, Will Net Zero Reduce Electricity Costs in 2030, in particular with regard to the impact of imports of electricity from the continent on UK wholesale electricity prices.
Answered by Lord Wilson of Sedgefield - Lord in Waiting (HM Household) (Whip)
This Government has been clear that the answers to the challenges around energy security, affordability and sustainability point in the same direction – clean energy. The electricity market in GB operates on the principle of marginal pricing, whereby the price of electricity is set by the last technology needed to meet overall demand, often gas. The ever-increasing participation of renewables in the market means that over time, cheaper electricity produced by renewables will set the wholesale price more often than gas.
Interconnectors are, and will continue to be, an important component of GB’s energy capacity mix, supporting GB’s energy security and transition to net zero.
Asked by: Lord Lilley (Conservative - Life peer)
Question to the Department for Energy Security & Net Zero:
To ask His Majesty's Government whether the Department for Energy Security and Net Zero has analysed the accounts of special purpose vehicles for (1) offshore wind farms, and (2) solar energy farms, to calculate the cost of such ventures; and if so, whether they will publish the results.
Answered by Lord Wilson of Sedgefield - Lord in Waiting (HM Household) (Whip)
The majority of offshore wind and solar projects are led by the private sector, with many structured through individual Special Purpose Vehicles whose financial accounts are either privately held or reported in a limited form. Analysis by the independent NESO shows that offshore wind and solar are core components of a clean power system which can protect billpayers from international gas price volatility for the long-term.
Asked by: Lord Lilley (Conservative - Life peer)
Question to the Department for Energy Security & Net Zero:
To ask His Majesty's Government what is the (1) timetable, and (2) process, for appointing a new Chair of the Climate Change Committee; and how many applications were received for this post when it was advertised in July 2022.
Answered by Lord Callanan - Shadow Minister (Foreign, Commonwealth and Development Office)
Under the Climate Change Act 2008, the Department’s Secretary of State makes appointments to the Climate Change Committee jointly with his devolved counterparts. The Committee Chair’s role was first advertised last summer. Due to the limited number of applicants demonstrating sufficient experience, the appointing parties agreed to re-advertise using executive search services. The updated advertisement is due to go live this month.
The role is regulated by the Commissioner for Public Appointments. In terms of process, the appointing parties follow the Governance Code for Public Appointments, including establishing an Advisory Assessment Panel that informs Ministers of progress throughout the competition.