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Electricity and Natural Gas: Prices

Asked by James McMurdockIndependentDepartment for Energy Security and Net ZeroTabled Answered 5 June 2026UIN 3701

The question

To ask the Secretary of State for Energy Security and Net Zero, with reference to his Department’s press release entitled Decisive action to break influence of gas on electricity prices, published on 21 April 2026, what timetable he has set for full implementation of those measures.

Answered by Michael Shanks

Government plans to consult later this year on offering legacy low-carbon generators – which provide around 30% of our power today – the option to move onto fixed price contracts for difference. We plan to cover the specific eligibility criteria for this policy in the consultation and intend to run an allocation process to award such contracts in 2027.

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