Natural Gas: Prices
The question
To ask the Secretary of State for Energy Security and Net Zero, what steps his Department is taking to identify alternative financing models for flexible gas generation that ensure price stability for households and businesses.
Answered by Michael Shanks
This government has been clear that the answers to the challenges around affordability, energy security and sustainability point in the same direction, clean energy.
Clean Power means that by 2030, Great Britain will generate enough clean power to meet our total annual electricity demand, backed up by unabated gas supply to be used only when essential.
As the role of unabated gas diminishes, we continue to work with NESO and Ofgem to explore how market and system arrangements can evolve to minimise its impact on energy bills, whilst retaining sufficient unabated gas capacity for security of supply.
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