§ Mr. GibbTo ask the Secretary of State for Trade and Industry for what period the proposed Renewables Obligation buy-out price of 3p/KWh will be maintained.[135057]
§ Mrs. LiddellThe Government propose that the Renewables Obligation will extend to 31 March 2026, and that the 3p/KWh level of the buy-out price will not be reduced throughout that time in order to ensure that there is a secure basis for long-term investment. The Government also propose to link the buy-out to the Retail Prices Index. The Government's proposals are subject to the outcome of the current consultation.
§ Mr. GibbTo ask the Secretary of State for Trade and Industry when he notified the European Commission about the Renewables Obligation; and when he anticipates receiving approval. [135056]
§ Mrs. LiddellThe European Commission was formally notified of the Renewables Obligation in July 2000. My Department is currently in discussion with the Commission on the details of the notification.