Electricity: Investment

Energy and Climate Change written question – answered on 8th May 2014.

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Photo of Caroline Flint Caroline Flint Shadow Secretary of State for Energy and Climate Change

To ask the Secretary of State for Energy and Climate Change, pursuant to his oral contribution of 2 April 2014, Official Report, column 908, on energy price freeze, how much investment there was in (a) renewable and (b) non-renewable sources of electricity in each year between 1997 and 2013.

Photo of Michael Fallon Michael Fallon The Minister of State, Department for Business, Innovation and Skills , Minister of State, Department of Energy and Climate Change, Minister of State for Portsmouth

We are not aware of a single data series that is currently available which covers investment in the electricity sector, broken down between renewable and non-renewable sources, from 1997 to 2013.

As part of the analysis to support the DECC Investment Report, we have estimated investment in the electricity sector since 2010. Our updated estimates of the investment in renewable and non-renewable electricity generation for the years since 2010 are as follows:

Investment (£ billion, real 2012 prices)
  2010 2011 2012 2013
Renewable generation 4.5 6.9 8.4 9.2
Non-renewable generation 1.1 0.9 0.5 0.1
Total generation 5.5 7.7 8.9 9.3
Note: Figures may not sum due to rounding.

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