Renewable Energy: Finance

(asked on 26th January 2023) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, whether his Department plans to provide a budget framework for Contracts for Difference auctions over the next 5 years.


Answered by
Graham Stuart Portrait
Graham Stuart
This question was answered on 3rd February 2023

BEIS has set clear overall ambitions for renewables deployment to 2030 and beyond. Contracts for Difference Budgets are determined on a round by round basis based on requirements set out in the Energy Act 2013. In 2017, HM Treasury set out the Control for Low Carbon Levies which provides a budget framework for low carbon levies including Contracts for Difference.

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