Question to the Department for Energy Security & Net Zero:
To ask His Majesty's Government, in light of its current consultation on changing the inflation measure for long-term renewable energy pricing from the retail prices index to the consumer prices index, what assessment it has made of the impact of this change on the future willingness of companies to invest in long-term UK infrastructure projects.
The Government has consulted on proposed changes to how support provided through the Feed-in Tariffs and Renewable Obligation schemes is adjusted for inflation. The consultation was accompanied by an analytical annex which set out the potential impacts of the policy. Updated analysis will be published alongside the Government Response next year.