Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the legislative proposals needed to enable electricity distribution companies to prepare electricity networks for decarbonisation; what steps he is taking to encourage investment to support the transition to low carbon infrastructure, energy and technology; and if he will make a statement.

As the independent energy regulator, Ofgem regulates electricity distribution companies through a price control framework which governs networks’ revenues, investments and performance standards. In its Decarbonisation Action Plan, Ofgem stated its commitment to creating a regulatory environment which enables and encourages networks to invest for Net Zero. The Government is supportive of this objective.

The Government’s Green Finance Strategy set out our approach to accelerating green finance and catalysing private investment to support delivery of the UK’s climate objectives.