Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, pursuant to the Answer of 18 January 2023 to Question 120157 on Electricity Generation: Infrastructure, what the estimated value is of the 5 TWh of energy.

The value of electricity can be estimated using recent wholesale electricity prices, which are published regularly on Ofgem’s website. It is worth noting that wholesale electricity prices have been volatile over recent years and vary by season. Wholesale electricity prices for 2030 would be more challenging to estimate accurately, though current prices could be used as a proxy. Alternatively, retail prices could be used to derive the retail value of electricity. These are published by the Government and can be found in table 4 on this link.