Question to the Department for Energy Security & Net Zero:

To ask His Majesty's Government what assessment they have made of the report published on 3 March by Gordon Hughes and Net Zero Watch, Will Net Zero Reduce Electricity Costs in 2030, in particular with regard to the impact of imports of electricity from the continent on UK wholesale electricity prices.

This Government has been clear that the answers to the challenges around energy security, affordability and sustainability point in the same direction – clean energy. The electricity market in GB operates on the principle of marginal pricing, whereby the price of electricity is set by the last technology needed to meet overall demand, often gas. The ever-increasing participation of renewables in the market means that over time, cheaper electricity produced by renewables will set the wholesale price more often than gas.

Interconnectors are, and will continue to be, an important component of GB’s energy capacity mix, supporting GB’s energy security and transition to net zero.