Energy: Exports

(asked on 28th June 2016) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Energy and Climate Change, what assistance her Department provides to UK-based companies seeking to export energy and fuel; and if she will make a statement.


Answered by
Andrea Leadsom Portrait
Andrea Leadsom
This question was answered on 5th July 2016

For electricity, the Government supports the development of interconnectors to other markets. These allow cross-border trade in electricity, determined by market prices. The GB system currently has 4GW of capacity, and in the Budget the Chancellor set out that it is in British consumers interests that this increases by at least 9GW. This will improve our security of supply, deliver significant benefits to consumers, and help integrate more low carbon generation into the system.

On oil products, DECC policy is to secure a competitive market for suppliers by ensuring smarter regulation and addressing market distortions meaning UK companies - well established in the global oil markets - are freely able to export and import the fuels we need.

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