Renewable Energy: Cost Effectiveness
Commons · Question 900874 · Tabled 1 Jul 2026 · Department for Energy Security and Net Zero · Official record
Answered 7 Jul 2026
Question
Asked by Charlie Maynard
To ask the Secretary of State for Energy Security and Net Zero, what recent assessment he has made of the value for money provided by the Contracts for Difference scheme.
Answer
Answered by Michael Shanks, 7 Jul 2026
The Contracts for Difference scheme delivers value for money through competitive auctions that drive down costs and protect consumers from volatile fossil fuel prices. AR7 secured renewable capacity at strike prices 40% below the cost of building and oper...