Geothermal Power: Finance
Commons · Question 96028 · Tabled 1 Dec 2025 · Department for Energy Security and Net Zero · Official record
Answered 9 Dec 2025
Question
Asked by Ben Maguire
To ask the Secretary of State for Energy Security and Net Zero, if his Department will make an assessment of the potential merits of introducing a ring-fenced budget specifically for geothermal projects in the next round of Contract for Difference funding
Answer
Answered by Michael Shanks, 9 Dec 2025
Auction parameters and budget are set based on a wide range of factors, including an assessment of the potential project pipeline and progress towards decarbonisation targets. The Government will confirm the details of Allocation Round 8 budget and parame...