Forecasting by energy market consultancy Cornwall Insight suggests that Ireland and Northern Ireland will miss the goal of generating 80% of their electricity from renewable sources by 2030.
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 Department for Energy Secuity and Net Zero (DESNZ) has released figures that confirm renewable energy generated a record annual percentage of the UK’s electricity in 2023.
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.
In its last annual report as the Electricity System Operator (ESO), National Grid has revealed the 15 April this year saw the highest proportion of zero carbon generation on the transmission network at 92.2%.
