To ask the Secretary of State for Energy Security and Net Zero, what steps he is taking to help (a) decouple the cost of gas and electricity, (b) encourage consumers to choose renewable alternatives to fossil fuels and (c) consumers who choose renewable energy sources to benefit from lower energy prices.
Answered on
27 March 2023
As part of the Review of Electricity Market Arrangements (REMA) programme, the Government is considering a range of potential options to shield consumers from the impacts of potential future commodity price spikes and to ensure they benefit from lower cost renewables.
The CfD scheme already insulates consumers against electricity price spikes. Over time this scheme will significantly reduce dependence on fossil fuelled power generation, lowering consumer exposure to gas prices.