Every parliamentary written question tabled by Dave Doogan this session, with the full answer and department. See how every department answers, or back to the MP page.
Showing 41–45 of 45 · Department for Energy Security and Net Zero
Whether GB energy will (a) build and (b) operate energy generation capacity by 2045.
Great British Energy will be a publicly-owned energy company that will invest in, own and operate projects. Great British Energy will support the Government's clean power mission by partnering with industry, local authorities and communities. The exact detail and timeline of specific projects will be set out as appropriate by Great British Energy itself, as an operationally independent company.
Whether Great British Energy will purchase and operate any existing energy generation capacity in the UK.
Government does not intend for Great British Energy to buy existing generation assets from private sector operators. Instead, Government anticipates that it will develop a portfolio of new assets, boosting Britain’s energy security whilst also delivering revenues to the British taxpayer. Government will do this by working in partnership with the private sector, local authorities and communities.
Whether offshore wind projects developed with help from Great British Energy's early development work and investment will be co-owned by Great British Energy.
Great British Energy will be a publicly-owned energy company that will invest in, own and operate projects. Great British Energy will support the Government's clean power mission by partnering with industry, local authorities and communities. The exact detail and timeline of specific projects will be set out as appropriate by Great British Energy itself, as an operationally independent company.
Whether any of the £8.3 billion funding allocated to Great British Energy over the next five years will be spent on funding the Contracts for Difference scheme.
No. The 8.3bn of funding allocated to Great British Energy over the next five years will be an additional measure and will not replace the need for other government support mechanisms such as the Contracts for Difference (CfD) scheme. The CfD Scheme is funded through a separate route via the CfD Supplier Obligation Levy. This government has increased the budget for allocation round six of the CfD Scheme by over 50%. The budget is now set at £1.555 billion.
Whether he expects GB Energy to generate funds through (a) generation of energy, (b) distribution of energy and (c) any other mechanism.
Great British Energy will be a publicly-owned energy company that will invest in, own and operate projects, including generation assets, that expect a return on investments, generating revenue and delivering profits that will benefit the public. Any profit generated through Great British Energy will be channelled into creating further benefits for the UK taxpayers, billpayers and communities. Government does not intend for Great British Energy to be a retail energy supplier.