Question to the Department for Energy Security & Net Zero:
To ask His Majesty's Government what steps they are taking to decouple the price of wholesale electricity from the cost of gas beyond moving more renewables into Contracts for Difference.
Accelerating the deployment of renewable generation, as we are through our Clean Power 2030 Mission, will reduce the amount of time when gas is setting the price and will help to decouple electricity from gas prices without the need for more complex arrangements.
The Government is determined to increase the share of renewables on the system so that the electricity price is set by cheaper clean power sources rather than gas. Every wind turbine we switch on and solar panel we deploy helps push gas off as the price setter.