Question to the Department for Energy Security & Net Zero:
To ask the Secretary of State for Energy Security and Net Zero, what assessment he has made of the potential merits of allowing a portion of avoided network or generation capex to be reallocated to support industrial sites and local authorities in investing in onsite low carbon technologies.
The Government recognises the important role that onsite low carbon technologies can play in reducing emissions, improving energy resilience and supporting industrial competitiveness.
Through programmes such as the Industrial Energy Transformation Fund (IETF), which made around £500 million available to support UK industry to decarbonise, and wider support for industrial decarbonisation, we are helping businesses invest in technologies including electrification, energy efficiency and onsite generation.