Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what steps his Department is taking to help improve the Corporate Power Purchase Agreements system as it applies to automotive manufacturing.
Corporate Power Purchase Agreements (CPPAs) allow businesses to enhance competitiveness by securing stable, competitively priced electricity.
The UK’s Modern Industrial Strategy committed to issue a call for evidence on how the British CPPA market can be improved for industry. The call for evidence, run by DBT and DESNZ, was launched on 9 January and closes 6 March. Ideas generated will be carefully reviewed to inform future policy development.
Future policy will complement existing support for the automotive sector including the DRIVE35 initiative, an additional 1.3bn in the Electric Car Grant and increased funding for charging infrastructure.