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.
A new piece of research from the Oxford Institute for Energy Studies is seeking to discover the balance between market efficiency and economic risk for CfDs.
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.
A new report from energy and climate think tank Ember has warned that the UK’s offshore wind industry is at serious risk of missing 2030 capacity targets if urgent action isn’t taken.
