Renewable Energy: Finance

(asked on 13th October 2023) - View Source

Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, whether her Department is taking steps to ensure that energy supplied from renewable sources only incurs a cost to the public purse when it is required on the grid.


Answered by
Graham Stuart Portrait
Graham Stuart
This question was answered on 23rd October 2023

The Government, through the Review of Electricity Market Arrangements (REMA) programme, is considering reforms needed to electricity market arrangements to drive the necessary investment and efficient operation of a secure, cost-effective, low-carbon electricity system. This includes Government schemes, such as the Renewable Obligation and Contract for Difference, that support the generation of renewable electricity.

The Government will work with Ofgem, National Grid Electricity System Operator (ESO) and the Low Carbon Contracts Company (LCCC) to review and take appropriate steps, when necessary, to ensure that system costs associated with renewable generators' participation in the Balancing Mechanism offers the best value for money for consumers.

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