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 merits of decoupling the electricity wholesale price from gas.

As part of the Review of Electricity Market Arrangements, the Government assessed the merits of decoupling the electricity wholesale price from gas, considering proposals such as a Split Market, Green Power Pool and future-proofed Contracts for Difference scheme. The Contracts for Difference scheme was identified as the best tool to decouple gas and electricity prices. Increasing participation of renewables in the wholesale market means that over time, cheaper renewable electricity will set the price more often, lowering costs for consumers.