Dan Byles – 2014 Parliamentary Question to the Department for Energy and Climate Change

The below Parliamentary question was asked by Dan Byles on 2014-05-08.

To ask the Secretary of State for Energy and Climate Change, if he will recconsider the proposal to introduce Contract for Difference auctioning three years earlier than planned.

Michael Fallon

We have always been clear that auctions can be used to drive value for money, once the market is sufficiently developed. As set out in the Consultation on Competitive Allocation, published by the Department on 16 January 2014, we consider that market conditions are such that for some, more established, technologies this will be the case from the start of the allocation of Contracts for Difference (CfDs) under the enduring arrangements.