Energy: Electricity

House of Lords written question – answered on 15th January 2014.

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Photo of Baroness Worthington Baroness Worthington Opposition Whip (Lords), Shadow Spokesperson (Energy and Climate Change)

To ask Her Majesty’s Government at what point the decision was taken to introduce technology banding into early Contracts for Difference in the electricity market; and whether stakeholders were consulted about that decision.

Photo of Baroness Verma Baroness Verma The Parliamentary Under-Secretary of State for Energy and Climate Change

The consideration of a mechanism designed to ensure that a range of different technologies benefit from Investment Contracts was included in the publication Final Investment Decision (FID) Enabling for Renewables: Update 1: Invitation to Participate (March 2013) and restated in Update 2: Investment Contract Allocation (July 2013). The process itself was set out in Update 3: Contract Award Process (December 2013).

The affordability assessment published in Update 3, including the technology based rules, was developed taking account of the need to deliver a mix of technology in line with the 2020 renewables target and the ranges consulted on and published in the Electricity Market Reform Delivery Plan.

Link to Update 1:

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/141873/FIDeR_update_doc_Invitation_to_Participate_2013_-_03_ -_14_FINAL.pdf

Link to Update 2:

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/209367/2013_-_06_-_27_FIDe_Update_2_Master_Draft__2_.pdf

Link to Update 3:

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/263169/FID_Update_3_Contract_Award_Process.pdf

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