Renewable Energy: Finance
The question
To ask the Secretary of State for Energy Security and Net Zero, whether he has made an assessment of the potential merits of modifying future Contracts for Difference rounds to reward system value, benefits, and services, in addition to procuring energy at the lower possible cost per unit.
Answered by Michael Shanks
We keep the Contracts for Difference scheme under review and consult on potential reforms ahead of each allocation round. We have also introduced the Clean Industry Bonus which allows for other factors such as supply chain investments to be taken into account as part of the process.
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