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Electricity Generation: Carbon Emissions

Question for Department for Business, Energy and Industrial Strategy

UIN HL548, tabled on 25 May 2022

To ask Her Majesty's Government what steps they are taking to ensure energy consumers benefit from low carbon energy generators paying back the difference between market price and strike price under Contracts for Difference; and how much money has been paid back to date.

Answered on

13 June 2022

The Low Carbon Contracts Company (LCCC), which administers Contracts for Difference (CfD), carries out a financial reconciliation of the scheme’s accounts at the end of each fiscal quarter. In April of this year, the LCCC returned £108.3m to British suppliers in respect of repayments made by generators since last autumn. Repayments to suppliers should ultimately be reflected in the tariffs they offer their customers. This is a commercial decision for each supplier.