PARLIAMENTARY WRITTEN QUESTION
Electricity: Prices (29 July 2024)
Question Asked
To ask the Secretary of State for Energy Security and Net Zero, if he will make an assessment of the potential merits of decoupling electricity from wholesale gas prices.
Asked by:
James Wild (Conservative)
Asked by:
James Wild (Conservative)
Answer
Our mission is for clean power by 2030 because this is the best way to achieve energy independence and protect billpayers. New, clean renewable energy will reduce our exposure to volatile fossil fuel markets. As part of the Review of Electricity Market Arrangements (REMA) programme, the Government is considering what further steps can be taken to shield consumers from the impacts of potential price spikes and to ensure they benefit from lower cost renewable energy.
Answered by:
Michael Shanks (Labour)
6 September 2024
Contains Parliamentary information licensed under the Open Parliament Licence v3.0.