Energy UK responds to the National Audit Office report on Contracts for Difference auction
Responding to the National Audit Office report on Contracts for Difference auction, Lawrence Slade, Chief Executive of Energy UK said:
“2017’s CfD auction saw the strike prices for offshore wind reduced by nearly 50%, showing how the cost of low carbon energy is continuing to fall.
“This report from the NAO further highlights the cost reduction to consumers and underlines the case for a level playing field in delivering all renewable technologies at future auctions. Ensuring that the least cost technologies have a route-to-market is the best way of minimising the cost to the consumer of delivering the environmental benefits of decarbonisation.
“The energy industry has shown it can deliver - with over a quarter of electricity generation now provided by renewables with clear industrial strategy benefits. We now need the Government to set out clarity over future auctions and the technologies participating in them.”