Oral Answers to Questions

Debate between Claire Coutinho and Angus Brendan MacNeil

Tuesday 19th September 2023 Commons Chamber

[Mr Speaker]

I call the Chair of the Energy Security and Net Zero Committee.

[Angus Brendan MacNeil (Na h-Eileanan an Iar) (Ind)]

We also welcome the Secretary of State to the Dispatch Box. With many renewable projects built on the strength of contracts for difference, but with reports of many not invoking these contracts and instead benefiting from the higher energy prices, can the contracts in principle be invoked later, when prices fall, or could the Government enforce the invoking of the CfD contracts now, at the start of the generation of these projects, rather than their taking the high prices while they can?

[Claire Coutinho]

The CfD programme has driven prices down over time to enormous effect, by 70% since they started, which is much more than people expected. I would be happy to take the hon. Gentleman’s particular point away but overall this is a successful programme, and our annual auction changes will also make a difference.