Alan Brown – 2016 Parliamentary Question to the Department for Energy and Climate Change
The below Parliamentary question was asked by Alan Brown on 2016-06-28.
To ask the Secretary of State for Energy and Climate Change, what assistance her Department provides to UK-based companies seeking to export energy and fuel; and if she will make a statement.
Andrea Leadsom
For electricity, the Government supports the development of interconnectors to other markets. These allow cross-border trade in electricity, determined by market prices. The GB system currently has 4GW of capacity, and in the Budget the Chancellor set out that it is in British consumers interests that this increases by at least 9GW. This will improve our security of supply, deliver significant benefits to consumers, and help integrate more low carbon generation into the system.
On oil products, DECC policy is to secure a competitive market for suppliers by ensuring smarter regulation and addressing market distortions meaning UK companies – well established in the global oil markets – are freely able to export and import the fuels we need.
