Written Question·Department for Energy Security and Net Zero·UIN 96028

Geothermal Power: Finance

Tabled: 1 December 2025
Answered: 9 December 2025

Question

Ben Maguire

Liberal DemocratNorth Cornwall

To ask the Secretary of State for Energy Security and Net Zero, if his Department will make an assessment of the potential merits of introducing a ring-fenced budget specifically for geothermal projects in the next round of Contract for Difference funding

Answer

Michael Shanks
Auction parameters and budget are set based on a wide range of factors, including an assessment of the potential project pipeline and progress towards decarbonisation targets. The Government will confirm the details of Allocation Round 8 budget and parame...

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