Subject Predicate Object
BBmy0moq
a
Resource
Answer
Written answer
answer has question
a2QMsXm2
answer has answering person
Justin Paul Tomlinson
answer text
<p>The Department publishes its levelised costs of electricity for a generic plant in the Generation Costs Report, most recently in 2023 (<a href="https://eur02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.gov.uk%2Fgovernment%2Fcollections%2Fenergy-generation-cost-projections&amp;data=05%7C02%7CParliamentary.PQ%40energysecurity.gov.uk%7C32c44d834d5d4fdd1d3608dc6871b075%7Ccbac700502c143ebb497e6492d1b2dd8%7C0%7C0%7C638500084713423353%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&amp;sdata=ATk5vvu5JFzV%2B1o2avZRW617Y6xeT0m5TCO6bkKafrk%3D&amp;reserved=0" target="_blank">https://www.gov.uk/government/collections/energy-generation-cost-projections</a>). These provide forecasts for 2025 to 2040. Gas CCGT is 114 £/MWh for 2025 and offshore wind is 44 £/MWh for 2025 (2021 price base). Levelised costs use a forecast of gas prices over the lifetime of a plant based on the latest published gas price forecasts at the time of publication (<a href="https://eur02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.gov.uk%2Fgovernment%2Fpublications%2Ffossil-fuel-price-assumptions-2019&amp;data=05%7C02%7CParliamentary.PQ%40energysecurity.gov.uk%7C32c44d834d5d4fdd1d3608dc6871b075%7Ccbac700502c143ebb497e6492d1b2dd8%7C0%7C0%7C638500084713435471%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&amp;sdata=v3lpX3rxy0bu1%2FJtL9JR0JIorLE48kgt9j5aJq4%2FcyQ%3D&amp;reserved=0" target="_blank">https://www.gov.uk/government/publications/fossil-fuel-price-assumptions-2019</a>).</p>
answer given date
answer has answering body
Department for Energy Security and Net Zero
written answer has answering body
Department for Energy Security and Net Zero
Department for Energy Security and Net Zero
answering body has written answer
BBmy0moq
answering body has answer
BBmy0moq
a2QMsXm2
question has answer
BBmy0moq
Justin Paul Tomlinson
answering person has answer
BBmy0moq