Written question asked by Lord Taylor of Warwick (Non-affiliated) on Monday, 20 November 2023, in the House of Lords. It was due for an answer on Monday, 4 December 2023. It was answered by Lord Callanan (Conservative) on Monday, 4 December 2023 on behalf of the Department for Energy Security and Net Zero.

Energy: Prices

Question: To ask His Majesty's Government, further to their recent decision to increase payment amounts to offshore windfarms by more than 50 per cent, what plans they have to mitigate the impact on consumer energy bills.

Answer: The publication on 16 November of core parameters, including Administrative Strike Prices (ASPs) for the next Contracts for Difference (CfD) round, does not determine impacts on consumer bills. The ASPs are the maximum prices available for renewable electricity, with the actual price being achieved through a competitive auction process. Renewable electricity procured through the CfD continues to provide value for money for consumers by capping the price paid to generators.

Secondary information