Business: Finance

Department for Business, Energy and Industrial Strategy written question – answered on 29th January 2020.

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Photo of Alan Whitehead Alan Whitehead Shadow Minister (Department for Business, Energy and Industrial Strategy) (Energy and Climate Change), Shadow Minister (Business, Energy and Industrial Strategy)

To ask the Secretary of State for Business, Energy and Industrial Strategy, when her Department plans to announce the results of its competition to fund projects exploring the creation of market platforms for flexibility.

Photo of Kwasi Kwarteng Kwasi Kwarteng The Minister of State, Department for Business, Energy and Industrial Strategy

We welcome interest in the FleX Competition which was launched by BEIS in 2019 to support the development and demonstration of innovative solutions to value and trade flexibility in the energy system. Following selection and detailed due diligence of the project teams which will be supported by the FleX Competition, details of winning projects will be formally announced in due course.

In line with the FleX Competition guidance, the projects are due to be completed by end December 2021 with dissemination activities led by the individual project teams also taking place during the project delivery period.

Details of the FleX Competition can be found on gov.uk: https://www.gov.uk/government/publications/flexibility-exchange-demonstration-projects-flex-competition.

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