Renewable Energy

Department for Business, Energy and Industrial Strategy written question – answered on 10th September 2020.

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Photo of Pauline Latham Pauline Latham Conservative, Mid Derbyshire

To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will take steps increase or lift the capacity cap in future Contracts for Difference allocation rounds.

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

Capacity caps can drive competitive auctions and deliver value for money for consumers.

A capacity cap was first deployed in the third Contract for Difference auction in 2019, which secured nearly twice the capacity of the previous auction with a 30% reduction in clearing prices.

We will publish auction parameters well in advance of the next auction in 2021, taking into account our ambitions for net zero.

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