Electricity: Prices

(asked on 29th July 2024) - View Source

Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, if he will make an assessment of the potential merits of decoupling electricity from wholesale gas prices.


Answered by
Michael Shanks Portrait
Michael Shanks
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 6th September 2024

Our mission is for clean power by 2030 because this is the best way to achieve energy independence and protect billpayers. New, clean renewable energy will reduce our exposure to volatile fossil fuel markets. As part of the Review of Electricity Market Arrangements (REMA) programme, the Government is considering what further steps can be taken to shield consumers from the impacts of potential price spikes and to ensure they benefit from lower cost renewable energy.

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