PARLIAMENTARY WRITTEN QUESTION
Renewable Energy: Finance (7 November 2023)

To ask the Secretary of State for Energy Security and Net Zero, whether she plans to amend the methodology used to set administrative strike prices for all renewable technologies in the Contracts for Difference allocation round six.

Asked by:
Mark Garnier (Conservative)

The Government reviews auction parameters, including Administrative Strike Prices (ASP) and the ASP methodology, ahead of every Contracts for Difference Allocation Round. Considering recent price volatility and that no offshore wind technologies were successful in Allocation Round 5, the Government has conducted a thorough review of its cost assumptions ahead of Allocation Round 6. The Government is committed to ensuring that it sets the parameters at a level that would allow sustainably priced projects in the pipeline to compete in the auction. The ASP methodology will be published alongside core parameters in November 2023.

Answered by:
Graham Stuart (Conservative)
13 November 2023