Energy: Overseas Companies

Department for Energy Security and Net Zero written question – answered at on 19 March 2024.

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Photo of Kenny MacAskill Kenny MacAskill Alba, East Lothian

To ask the Secretary of State for Energy Security and Net Zero, pursuant to the Answer of 14 March 2024 to Question 17929 on Energy: Overseas Companies, which overseas energy companies registered in the UK have received funding from her (a) Department and (b) predecessor Department in excess of £50 million in each year since 2021.

Photo of Andrew Bowie Andrew Bowie Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)

2021 – No overseas energy companies registered in the UK received funding from BEIS in excess of £50 million in the calendar year of 2021.

2022 – EDF Energy Customers Ltd, EDF Energy Holdings Ltd, EON Next Energy Ltd and Scottish Power Energy Retail LTD all received funding in excess of £50 million from BEIS in the calendar year of 2022.

2023 – EDF Energy Customers Ltd, EON Next Energy Ltd and Scottish Power Energy Retail LTD all received funding in excess of £50 million from BEIS/DESNZ in the calendar year of 2023. Up until August 2023, DESNZ data was still being published under BEIS. Separating these transactions for each department would be at a disproportionate cost.

2024 - no overseas energy companies registered in the UK have received funding from DESNZ in excess of £50 million in the calendar year of 2024 to date.

Please note, these companies are being categorised as overseas, at they are all overseas owned. Some of them may be situated and operate in the United Kingdom but are categorised as being overseas in our data due to their ownership.

These figures include the unprecedented payments made to energy suppliers to reduce consumer bills in 2022 and 2023 through the Energy Price Guarantee.

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