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Contracts for Difference

03 September 2024

Lead MP

Ed Miliband

Debate Type

Ministerial Statement

Tags

Climate
Other Contributors: 25

At a Glance

Ed Miliband raised concerns about contracts for difference in the House of Commons. A government minister responded. Other MPs also contributed.

How the Debate Unfolded

MPs spoke in turn to share their views and ask questions. Here's what each person said:

Government Statement

Climate
Government Statement
I congratulate the new Deputy Speaker and proceed to make a statement regarding the sixth contracts for difference allocation round, highlighting the failure of the previous government's energy policy which led to high energy bills. The current mandate is to ensure Britain’s energy security through home-grown clean power. Last year's auction under the previous regime was unsuccessful with no offshore wind projects awarded; however, this year's auction has been expanded by 50%, securing a record-breaking 131 new clean energy projects across solar (93 photovoltaic projects unlocking 3.3 GW), onshore wind (almost 1 GW), and floating offshore wind (400 MW at less cost than before). The total secured is nearly 10 GW, sufficient to power over 11 million homes. These achievements demonstrate Britain's shift towards becoming a clean energy superpower, reducing dependency on volatile global gas markets, and offering job opportunities throughout the UK.

Shadow Comment

Mark Garnier
Shadow Comment
The shadow secretary welcomes the success of the contracts for difference allocation round but criticises the government's approach to funding renewables through Great British Energy and its impact on energy bills. He points out that while renewable production increases, UK gas production is decreasing, leading to reliability concerns. The opposition acknowledges the importance of investing in clean energy but questions the necessity of the debt-funded GB Energy project and expresses doubt about the promised £300 reduction in energy bills. Furthermore, he raises concerns over job losses due to restrictions on new oil and gas development and the localization of jobs created by these initiatives. Garnier also addresses potential environmental impacts such as green belt development and grid infrastructure challenges while questioning the feasibility of decarbonizing the grid by 2030.
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House of Commons debates take place in the main chamber of the House of Commons. These debates cover a wide range of topics including government policy, legislation, and current affairs. MPs from all parties can participate, question ministers, and hold the government accountable for its decisions.