To ask the Secretary of State for Energy Security and Net Zero, whether any of the £8.3 billion funding allocated to Great British Energy over the next five years will be spent on funding the Contracts for Difference scheme.
Answered on
3 September 2024
No. The 8.3bn of funding allocated to Great British Energy over the next five years will be an additional measure and will not replace the need for other government support mechanisms such as the Contracts for Difference (CfD) scheme. The CfD Scheme is funded through a separate route via the CfD Supplier Obligation Levy. This government has increased the budget for allocation round six of the CfD Scheme by over 50%. The budget is now set at £1.555 billion.
Answered by
Department for Energy Security and Net Zero
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