Renewable Energy: Cost Effectiveness
The question
To ask the Secretary of State for Energy Security and Net Zero, what recent assessment he has made of the value for money provided by the Contracts for Difference scheme.
Answered by Michael Shanks
The Contracts for Difference scheme delivers value for money through competitive auctions that drive down costs and protect consumers from volatile fossil fuel prices. AR7 secured renewable capacity at strike prices 40% below the cost of building and operating new gas generation.
Verbatim has judged this answer against the question that was actually asked — answered, partly answered, or evaded. Sign in to see the verdict →