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Written question asked by Kenny MacAskill (Alba Party) on Tuesday, 7 February 2023, in the House of Commons. It was due for an answer on Monday, 20 February 2023 (named day). It was answered by Graham Stuart (Conservative) on Monday, 20 February 2023 on behalf of the Department for Energy Security and Net Zero.


Electricity Generation: Infrastructure

Question

To ask the Secretary of State for Energy Security and Net Zero, pursuant to the Answer of 24 January 2023 to Question 127911 on Electricity Generation: Infrastructure, if he will make an estimate of the value of (a) 35 TWH as of 7 February 2023 and (b) 124 TWH in 2030.

Answer

The value of electricity can be estimated using recent wholesale electricity prices, which are published regularly on Ofgem’s website. It is worth noting that wholesale electricity prices have been volatile over recent years and vary by season. Wholesale electricity prices for 2030 would be more challenging to estimate accurately, though current prices could be used as a proxy. Alternatively, retail prices could be used to derive the retail value of electricity. These are published by the Government and can be found in table 4 on this link.


Secondary information

Type
Written question
Reference
141616
Session
2022-23
Related items
Electricity Generation: Infrastructure
Tuesday, 24 January 2023
Written questions
House of Commons
Grouped for answer
Yes
Transferred
Yes
Subjects
Electricity generation Infrastructure Scotland North of England
Contains statistics
Yes
Link
View this Written question on www.parliament.uk