Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, what consideration his Department has given to the potential merits of moving gas-fired power stations onto a regulated asset base model.

This government has been clear that the answers to the challenges around energy security, affordability and sustainability point in the same direction, clean energy.

By 2030 unabated gas will account for less than 5% of total generation. As the role of unabated gas diminishes, we continue to work with NESO and Ofgem to explore how market and system arrangements can evolve to minimise its impact on energy bills, whilst retaining sufficient unabated gas capacity for security of supply.

As part of this, officials have considered proposals to move gas-fired power stations onto a regulated asset base model. Whilst this option may have merits in the long-term, it also has some challenges and would take considerable time to develop and implement. No decisions have been taken at this stage.