Peter Aldous urges certainty on electricity market reform to help renewables investment

Peter Aldous urges the Secretary of State for Energy to give high priority to the draft energy Bill as certainty on electricity market reform is vital for investors in the offshore renewable sector.

Peter Aldous (Waveney) (Con): What estimate he has made of the level of investment in generating capacity (a) under the existing renewables obligation and (b) in the future. [116500]

The Secretary of State for Energy and Climate Change (Mr Edward Davey): The renewables obligation has succeeded in providing support worth about £2 billion a year to renewable electricity in the UK. Industry announcements over the last financial year amounted to renewables investments totalling £6.9 billion, which potentially will support more than 20,800 jobs. We plan to publish details of the additional investment arising from the RO banding review shortly.

Peter Aldous: To maximise investment in the offshore renewables sector, it is important to provide investors with certainty on electricity market reform as soon as is possible. Will the Secretary of State confirm that progressing the draft energy Bill will be given the highest priority when the House returns and that he will take all other steps necessary to provide this certainty?

Mr Davey: My hon. Friend is absolutely right, and has been a champion of the offshore wind industry. I congratulate him on that. The draft energy Bill has been widely welcomed by many people in the offshore wind industry because they see that it contains the instruments needed. We are pressing ahead with the timetable in the White Paper that we published last July. I am grateful to the Energy and Climate Change Committee for how it has gone about is rapid pre-legislative scrutiny. We will look carefully at its report, and we hope to publish the full Bill in the autumn.

| Hansard

Contact Peter Aldous MP

Coronavirus - COVID-19

Image by Olga Lionart from Pixabay

For the latest Government advice on the Coronavirus pandemic visit

For the latest medical advice visit

For business support click here

To become an NHS Volunteer Responder click here

Coronavirus - COVID-19: The Government Action Plan

COVID-19: guidance for employers and businesses

UK/Italy bid to host the global climate change summit in 2020

Lowestoft and Waveney Business Awards

The Renaissance of East Anglian Fisheries

Construction (Retention Deposit Schemes) Bill

Construction (Retention Deposit Schemes) Bill


All surgeries are cancelled at the moment. Please contact me on


A47 Alliance

Suppor the A47 Alliance

Download the report...

A47 Gateway to Growth


Search form

Your Local Councillors

Enter your Postcode below for details of all your elected representatives:


Constituency Map

View Waveney in a larger map