Despite disruption caused by COVID-19, the Contracts for Difference (CfD) auction will go ahead unchanged.
Full CfD proposals include prospective changes to technology pots, negative pricing and energy storage
The formal consultation document on changes to the Contracts for Difference scheme includes a potential revision of technology pots, an extension of the negative pricing rule and a relaxation of energy storage metering requirements.
The government is to announce a new auction for both onshore wind and solar power, following a four year block.
A new report released by Aurora Energy Research states that in order to meet the government's 40GW by 2030 offshore wind goal, almost £50 billion worth of investment will be needed.
EDF’s Hinkley Point C nuclear project is at greater risk of running 15 months behind schedule and could cost the firm up to £2.9 billion more than previously estimated, the French power giant has confirmed.
The “exceptionally low” results in today’s Contracts for Difference auction are proof that renewables are “blowing the competition of the water”, the green economy has said this morning.
The UK’s offshore wind sector has smashed records for price in the government’s third Contracts for Difference auction round, with prices running as low as £39.65/MWh.
Current policy is insufficient for previous emissions targets and must be ramped up if net zero is to be reached, the Committee on Climate Change (CCC) has said.
Renewables are a ‘no regrets’ solution to power gaps left by nuclear if provided support through the Contracts for Difference (CfD) scheme, according to a new report.