Energy: Prices
The question
To ask the Secretary of State for Energy Security and Net Zero, what consideration he has given to the potential merits of decoupling regulated electricity prices from gas prices.
Answered by Michael Shanks
Accelerating the deployment of renewable generation, as we are through our Clean Power 2030 Mission, will reduce the amount of time when gas is setting the price and will help to rapidly decouple electricity from gas prices without the need for more complex arrangements.
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.
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