Electricity: Prices
Commons · Question 2980 · Tabled 19 May 2026 · Department for Energy Security and Net Zero · Official record
Answered 28 May 2026
Question
Asked by Chris Bloore
To ask the Secretary of State for Energy Security and Net Zero, what assessment he has made of the effectiveness of the Contracts for Difference scheme in decoupling wholesale electricity prices from gas price volatility for household consumers.
Answer
Answered by Michael Shanks, 28 May 2026
The Contracts for Difference (CfD) scheme has been successful in bringing forth new renewable assets at fixed, competitive prices. AR7 was the most successful round ever and secured 14.7 GW of new clean energy. CfDs are already beginning to decouple elect...