Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, what progress the Government has made on (a) ensuring equal treatment for BCSSS members and (b) transferring the whole of the investment reserve to the benefit of all members.

The previous Minister of State for Industry met the BCSSS Trustees on 22 April, 11 June and 22 July and confirmed the Government’s commitment to considering their proposals regarding the reserve and the future of the scheme. DESNZ will now engage HM Treasury with a view to agreeing a way forward on the transfer of the reserve to members.

The Government is aiming to reach agreement on an outcome that can be implemented later this year which will benefit scheme members.