Asked by: Lord Moynihan of Chelsea (Conservative - Life peer)
Question to the Department for Energy Security & Net Zero:
To ask His Majesty's Government, in light of their commitment to dynamic alignment on rules governing the European Union electricity market set out in UK-EU Summit - Common Understanding, published on 19 May 2025, whether they are seeking an exemption from the EU Directive 2023/2413 (RED III).
Answered by Baroness Curran - Parliamentary Under-Secretary of State (Department for Energy Security and Net Zero)
We are negotiating an electricity agreement with the EU to reduce the cost of trading electricity with our European partners, strengthen the UK's energy security, support investment in the North Sea, and help deliver our Clean Power 2030 mission.
In line with the outcome of exploratory discussions, the UK and the EU will discuss the relevant rules relating to the promotion of renewable energy. Any commitments in this area, including those relating to Directive (EU) 2023/2413 (RED III), remain subject to negotiation.
The terms of any future agreement, including any assessment of its impacts, will be developed through those negotiations.
Asked by: Lord Moynihan of Chelsea (Conservative - Life peer)
Question to the Department for Energy Security & Net Zero:
To ask His Majesty's Government, in light of their commitment to dynamic alignment on rules governing the European Union electricity market set out in UK-EU Summit - Common Understanding, published on 19 May 2025, what impact assessment they have made, if any, on the expected costs of implementing the EU Directive 2023/2413 (RED III) in the United Kingdom.
Answered by Baroness Curran - Parliamentary Under-Secretary of State (Department for Energy Security and Net Zero)
We are negotiating an electricity agreement with the EU to reduce the cost of trading electricity with our European partners, strengthen the UK's energy security, support investment in the North Sea, and help deliver our Clean Power 2030 mission.
In line with the outcome of exploratory discussions, the UK and the EU will discuss the relevant rules relating to the promotion of renewable energy. Any commitments in this area, including those relating to Directive (EU) 2023/2413 (RED III), remain subject to negotiation.
The terms of any future agreement, including any assessment of its impacts, will be developed through those negotiations.
Asked by: Lord Moynihan of Chelsea (Conservative - Life peer)
Question to the Department for Energy Security & Net Zero:
To ask His Majesty's Government, in light of their commitment to dynamic alignment on rules governing the European Union electricity market set out in UK-EU Summit - Common Understanding, published on 19 May 2025, what assessment they have made of the penalties the United Kingdom would incur should it not reach the EU Directive 2023/2413 (RED III) mandate by 2030.
Answered by Baroness Curran - Parliamentary Under-Secretary of State (Department for Energy Security and Net Zero)
We are negotiating an electricity agreement with the EU to reduce the cost of trading electricity with our European partners, strengthen the UK's energy security, support investment in the North Sea, and help deliver our Clean Power 2030 mission.
In line with the outcome of exploratory discussions, the UK and the EU will discuss the relevant rules relating to the promotion of renewable energy. Any commitments in this area, including those relating to Directive (EU) 2023/2413 (RED III), remain subject to negotiation.
The terms of any future agreement, including any assessment of its impacts, will be developed through those negotiations.
Asked by: Lord Moynihan of Chelsea (Conservative - Life peer)
Question to the Department for Energy Security & Net Zero:
To ask His Majesty's Government, in light of their commitment to dynamic alignment on rules governing the European Union electricity market set out in UK-EU Summit - Common Understanding, published on 19 May 2025, what assessment they have made of the United Kingdom's capability to meet the EU Directive 2023/2413 (RED III) mandate by 2030.
Answered by Baroness Curran - Parliamentary Under-Secretary of State (Department for Energy Security and Net Zero)
We are negotiating an electricity agreement with the EU to reduce the cost of trading electricity with our European partners, strengthen the UK's energy security, support investment in the North Sea, and help deliver our Clean Power 2030 mission.
In line with the outcome of exploratory discussions, the UK and the EU will discuss the relevant rules relating to the promotion of renewable energy. Any commitments in this area, including those relating to Directive (EU) 2023/2413 (RED III), remain subject to negotiation.
The terms of any future agreement, including any assessment of its impacts, will be developed through those negotiations.
Asked by: Lord Moynihan of Chelsea (Conservative - Life peer)
Question to the Department for Energy Security & Net Zero:
To ask His Majesty's Government, in light of their commitment to dynamic alignment on rules governing the European Union electricity market set out in UK-EU Summit - Common Understanding, published on 19 May 2025, what assessment they have made of the economic impact of the EU Directive 2023/2413 (RED III) mandate on the United Kingdom.
Answered by Baroness Curran - Parliamentary Under-Secretary of State (Department for Energy Security and Net Zero)
We are negotiating an electricity agreement with the EU to reduce the cost of trading electricity with our European partners, strengthen the UK's energy security, support investment in the North Sea, and help deliver our Clean Power 2030 mission.
In line with the outcome of exploratory discussions, the UK and the EU will discuss the relevant rules relating to the promotion of renewable energy. Any commitments in this area, including those relating to Directive (EU) 2023/2413 (RED III), remain subject to negotiation.
The terms of any future agreement, including any assessment of its impacts, will be developed through those negotiations.
Asked by: Lord Moynihan of Chelsea (Conservative - Life peer)
Question to the Department for Energy Security & Net Zero:
To ask His Majesty's Government, in light of their commitment to dynamic alignment on rules governing the European Union electricity market set out in UK-EU Summit - Common Understanding, published on 19 May 2025, whether they expect to be bound by the mandate in the EU Directive 2023/2413 (RED III).
Answered by Baroness Curran - Parliamentary Under-Secretary of State (Department for Energy Security and Net Zero)
We are negotiating an electricity agreement with the EU to reduce the cost of trading electricity with our European partners, strengthen the UK's energy security, support investment in the North Sea, and help deliver our Clean Power 2030 mission.
In line with the outcome of exploratory discussions, the UK and the EU will discuss the relevant rules relating to the promotion of renewable energy. Any commitments in this area, including those relating to Directive (EU) 2023/2413 (RED III), remain subject to negotiation.
The terms of any future agreement, including any assessment of its impacts, will be developed through those negotiations.
Asked by: Lord Moynihan of Chelsea (Conservative - Life peer)
Question to the HM Treasury:
To ask His Majesty's Government what assessment they have made of the relative impact of the growth in money supply during COVID-19 as the root cause of inflation, as opposed to other causes such as (1) the conflict in Ukraine, and (2) the price of natural gas.
Answered by Lord Livermore
Inflation peaked at 11.1% in October 2022 and was above target for 33 consecutive months. Inflation has now fallen close to target and is expected to remain close to target.
Monetary policy, including the stock of assets held in the Asset Purchase Facility, which influences the supply of money, is the responsibility of the independent Monetary Policy Committee (MPC) at the Bank of England. The Government remains committed to monetary policy independence and supporting the MPC to return inflation to target sustainably, and does not comment on the conduct or effectiveness of monetary policy.