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Energy: Prices

Volume 471: debated on Wednesday 30 January 2008

To ask the Secretary of State for Business, Enterprise and Regulatory Reform what measure is used to calculate the annual uprating of the buyout price under the renewables obligation; and when the price will next be uprated. (181020)

Ofgem calculate the buy-out price on an annual basis to reflect changes in the retail prices index (RPI). The buy-out price for the renewables obligation for 2008-09 is £35.76 as announced by Ofgem on 28 January 2008.