Electricity Market Review

Energy Security and Net Zero – in the House of Commons at on 27 February 2024.

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Photo of Andrew Selous Andrew Selous The Second Church Estates Commissioner, The Second Church Estates Commissioner

When she plans to publish the second consultation on the review of electricity market arrangements.

Photo of Graham Stuart Graham Stuart Minister of State (Department for Energy Security and Net Zero)

The Government plan to publish the second consultation imminently. It will set out a clear direction on how the GB electricity market arrangements will evolve to keep electricity bills as low as possible for consumers of all types.

Photo of Andrew Selous Andrew Selous The Second Church Estates Commissioner, The Second Church Estates Commissioner

There are two questions that my constituents ask me most frequently: when will we see cheaper electricity from renewables, and when people in areas such as mine, which host a lot of renewable production, benefit from cheaper prices, as a result of hosting that infrastructure?

Photo of Graham Stuart Graham Stuart Minister of State (Department for Energy Security and Net Zero)

The Government are moving on from our appalling inheritance in 2010 of less than 7% of our electricity coming from renewables, with that figure today up to well over 40%. Every day we add to that, we displace gas and other fossil fuels and lower bills for people, and we plan to keep that going. We already have solar, onshore wind and other developers providing benefits to consumers, and we will come forward with plans for those hosting—

Photo of George Howarth George Howarth Labour, Knowsley

People who are considering changing their boiler struggle to find accurate information about the benefits and the costs. Will the Minister consider issuing new guidance that makes clear both the costs and the benefits of switching to a heat pump?

Photo of Graham Stuart Graham Stuart Minister of State (Department for Energy Security and Net Zero)

It can be a complex matter. That is why the Government have committed to looking at rebalancing the system costs across electricity and gas, as well as to ensure that people can benefit, as I do, from a heat pump, which provides a warm home and low bills.