Written question asked by Virginia Crosbie (Conservative) on Monday, 16 October 2023, in the House of Commons. It was due for an answer on Thursday, 19 October 2023 (named day). It was answered by Graham Stuart (Conservative) on Thursday, 19 October 2023 on behalf of the Department for Energy Security and Net Zero.
Electricity and Natural Gas: Prices
- Question
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To ask the Secretary of State for Energy Security and Net Zero, if she will take steps to decouple the price of gas and electricity.
- Answer
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As part of the Review of Electricity Market Arrangements (REMA) programme, the Government is considering a range of potential options to shield consumers from the impacts of potential future commodity price spikes and to ensure they benefit from lower-cost renewables.
The Contracts for Difference scheme already insulates consumers against electricity price spikes. Over time, this scheme will significantly reduce dependence on fossil fuelled power generation, lowering consumer exposure to gas prices.
Secondary information
- Type
- Written question
- Reference
- 202564
- Session
- 2022-23
- Subjects
- Electricity Natural gas Prices
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2023-10-19 13:10:18 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2022-23/202564
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/commons/2022-23/202564
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/commons/2022-23/202564