Trade association Energy UK has said that the upcoming Contracts for Difference (CfD) auction will fall short of delivering the required expansion of offshore wind to hit the government’s 2030 target.
The UK must deliver development consent for over 17 transmission projects in the next four years to achieve a fully decarbonised electricity system by 2035, says the National Infrastructure Commission (NIC).
A new report released by the Global Wind Energy Council (GWEC) has warned that policymakers must have a “decisive impact” in tackling supply chain issues to unlock 680GW of new wind capacity globally by 2027.
Cornwall Insight has stated that the rising cost of capital threatens to derail the expansion of renewable energy projects such as onshore wind and solar PV.
The UK Government must set a “realistic budget and more sustainable prices” for renewable electricity in the upcoming Contracts for Difference (CfD) auction to prevent limited private investment in solar and wind generation, RenewableUK said.
Customers based in the UK overpaid on energy bills in 2021 to 2022 by around £7 billion which could have been avoided via a “split market” marginal pricing scheme, a report by Carbon Tracker has said.
On Monday, the Department of Business, Energy and Industrial Strategy launched a new consultation into key changes to the upcoming Contracts for Difference (CfD) Allocation Round 5 (AR5).
Following the official announcement of the energy bills freeze over the coming winter by Prime Minister Liz Truss on Thursday 8 September, the government has released the first details of how exactly it will work.
