Heat Networks: Finance
The question
To ask the Secretary of State for Energy Security and Net Zero, with reference to ADE Heat Networks' report "Clean Heat 2040" what assessment his Department has made of the case for extending to heat networks the same long-term revenue support mechanisms that are already provided to nuclear power and carbon capture projects.
Answered by Martin McCluskey
The government recognises the conclusion of the report that electricity prices are a significant pressure on the heat network industry and a barrier to investment and growth. We intend to consult on options to reduce costs, provide longer-term certainty and make electrification an economically rational choice for a wider range of businesses including heat networks.
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