Susan Elan Jones – 2015 Parliamentary Question to the Department for Energy and Climate Change

The below Parliamentary question was asked by Susan Elan Jones on 2015-10-09.

To ask the Secretary of State for Energy and Climate Change, if she will hold talks with the Financial Conduct Authority on lifting the moratorium on registering new renewable energy cooperatives.

Andrea Leadsom

This Government strongly supports the community energy sector, including the mutual society model for community groups. However the Financial Conduct Authority (FCA) is an independent non-governmental body and it is important that the Government does not interfere with its work. The FCA recently consulted on their registration function under the Co-operative and Community Benefit Societies Act 2014 and it is working to ensure the right balance is struck between investor protection and continued growth of this form of investment. The FCA will respond to this consultation later this year.