Electricity: Prices
Commons · Question 30612 · Tabled 11 Feb 2025 · Department for Energy Security and Net Zero · Official record
Answered 24 Feb 2025
Question
Asked by Grahame Morris
To ask the Secretary of State for Energy Security and Net Zero, what steps his Department is taking to ensure the pricing mechanism for electricity reflects the lower generation costs of renewables.
Answer
Answered by Michael Shanks, 24 Feb 2025
Unabated gas generation is increasingly being displaced on the system by the rollout of renewables, setting the marginal price less frequently. The most effective mechanism for driving renewable generation is a Contract for Difference-type scheme that inc...