Renewable Energy

Department for Business, Energy and Industrial Strategy written question – answered on 16th September 2020.

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Photo of Alexander Stafford Alexander Stafford Conservative, Rother Valley

To ask the Secretary of State for Business, Energy and Industrial Strategy, what estimate he has made of the average prospective bidding price of (a) solar, (b) onshore wind and (c) offshore wind sites into Contracts for Difference auction round 4; and what assessment he has made of the implications of those prices for UK electricity costs.

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

BEIS sets an administrative strike price for each technology, presented on a price per megawatt hour (MWh) basis, that is the maximum price the Government is willing to offer developers. The bid price is a commercial decision for the developer. The administrative strike prices and allocation round parameters will be published in advance of the next auction in 2021.

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