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 what impact the decision to limit the number of early Contracts for Difference in the electricity market awarded to biomass conversion projects will have on (1) the security of the United Kingdom electricity supply, (2) wholesale electricity prices, (3) the cost of meeting legally binding European Union renewable energy targets, and (4) the likelihood of meeting legally binding European Union renewable energy targets.

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

Her Majesty’s Government has not taken a decision to limit the number of Investment Contracts awarded to biomass conversion projects. The technology-based rules included in the FID Enabling for Renewables affordability assessment are designed to ensure that the process supports at least a minimum amount of each technology type (which have met the qualifying and minimum threshold criteria).

Final Investment Decision (FID) Enabling for Renewables is one of the measures under the Government’s Electricity Market Reform programme designed to ensure a reliable, diverse and low-carbon power market. DECC has robust plans to deal with security of supply, working jointly with National Grid and the energy regulator Ofgem.

The FID Enabling for Renewables process was developed taking account of the need to ensure that value for money should be delivered whilst averting investment hiatus and delivering a mix of technology in line with the 2020 renewables target and the Electricity Market Reform Delivery Plan.

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