Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, what estimate he has made of the cost to (a) consumers and (b) the public purse of the Sustainable Industry Reward scheme in each of the next five years.

The Clean Industry Bonus (CIB) has superseded Sustainable Industry Rewards. Like the rest of the Contracts for Difference scheme, it will be funded by the existing levy on consumer bills. It will drive much needed investment in supply chains, including into new factories. For the first round of CIBs (starting in 2025), aggregate consumer bill impact is estimated to be in the region of c.£1-2 per year for two years, giving rise to a total bill impact of around £2-4 for the round. Impact for future rounds will depend on the timing and scale of those rounds which has yet to be decided.