Electricity and Natural Gas: Prices
The question
To ask the Secretary of State for Energy Security and Net Zero, what steps he is taking to decouple gas and electricity prices.
Answered by Michael Shanks
The Government is determined to increase the share of renewables on the system so that the electricity price is set by cheaper clean power sources rather than gas. Every wind turbine we switch on and solar panel we deploy helps push gas off as the price setter.
Government support, such as the Contracts for Difference scheme has been highly successful in driving investment in renewable electricity and our Clean Power 2030 Mission is focused on accelerating this transition to a renewable power system. This will help reduce reliance on gas and protect consumers from volatile fossil fuel prices.
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