Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to the Answer of 6 June 2022 to Question 7884, on Boiler Upgrade Scheme, whether his Department is committed to no new low carbon electricity levies until 2025, as stated in the Autumn Budget 2017.
A growing proportion of UK electricity comes from renewables, which reduces exposure to volatile fossil fuel markets. Without the renewables the Government is putting on the grid today, and the green levies that support them, energy bills would be higher than they are now.
The Autumn Budget 2017 committed to further Contracts for Difference (CfD). This existing scheme has shared the risks of investing in new technologies to boost UK renewables and bring in billions of pounds of private investment. The Government will ensure the UK remains a world leader through annual CfD auctions, reducing costs through competition.