Wind Power: North Sea
The question
To ask the Secretary of State for Energy Security and Net Zero, with reference to his Department’s press release entitled UK and Europe sign historic pact to drive clean energy future, published on 26 January 2026, what assessment his Department has made of the potential impact of this pact on (a) domestic and (b) industrial energy prices in the UK.
Answered by Michael Shanks
There has not been a specific assessment of the impact of the pact on electricity prices, but it will support the buildout of Offshore Hybrid Assets, which combine offshore wind farms with interconnectors. Interconnection can provide GB access to cheaper electricity and reduce the cost of running our energy system. They can help dampen price spikes in GB by providing access to lower‑cost electricity from neighbouring markets when domestic prices rise, improving the system's resilience and reducing price volatility. We import when energy is cheaper than in GB, so domestic families and businesses pay lower prices for their energy.
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