Energy: Prices
(asked on 4th March 2025) - View Source
Question to the Department for Energy Security & Net Zero:
To ask the Secretary of State for Energy Security and Net Zero, what assessment his Department has made of the potential impact of monthly market price variability on plans to decarbonise the grid by 2030.
Answered by
Michael Shanks
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 12th March 2025
Currently, the market price varies strongly based on fossil fuel prices, which we do not expect to impact the delivery of Clean Power 2030.
As the action plan makes clear, homegrown renewable energy is the key to energy independence. Clean Power 2030 will reduce our exposure to volatile international gas markets and the leverage of hostile petrostates like Russia.