AR6

The Low Carbon Contracts Company (LCCC) has announced that 130 contracts for difference (CfDs) have been signed following the most recent allocation round (AR6).

Forecasting by Cornwall Insight shows that this year’s Contracts for Difference auction will add about £4.59 to a typical household’s energy bill by 2030-31.

The record-breaking results of the government’s Contracts for Difference (CfD) sixth auction round (AR6) have been well received across the UK renewable energy industry.

The Department of Energy Security and Net Zero (DESNZ) has released the results of the sixth Contracts for Difference (CfD) auction round.

The UK government has announced that the budget for this year’s Contracts for Difference (CfD) Allocation Round 6 (AR6) will be increased by over 50%, sending shockwaves across the energy industry.

The sixth auction round (AR6) for the Contracts for Difference (CfD) scheme will have a budget of £1.5 billion after Ed Miliband announced a £500 million increase.

Members of the energy industry have described this year's Spring Budget as a "missed opportunity" for funding net zero.

Chancellor of the exchequer Jeremy Hunt confirmed that the Energy Profit Levy (EPL) will be extended to 2029 in this year's Spring Budget shortly before the budget for auction round 6 (AR6) of Contracts for Difference (CfD) scheme budget was set at over £1 billion.

The UK could double its offshore wind capacity in this year's Contracts for Difference (CfD) auction round, revealed a new report by RenewableUK.

The increase to CfD strike prices was welcomed by the energy industry, with members praising the government for listening to their worries over the lack of economic viability offered by AR5's strike prices for industries facing the growing cost of capital.