The voice of the energy industry

Energy UK welcomes announcement on Contracts for Difference auction

The Department for Business, Energy and Industrial strategy has announced its commitment to spend £730m of annual support on renewable electricity projects over the current parliament and has set details for the next Contracts for Difference auction. As a result Energy UK has issued a statement.

Energy UK said:

"We welcome today’s announcement. The energy industry has been looking for clarity on the timetable for the next round of CfD auctions for some time. While a good step forward, it does not resolve the continued calls from industry for a stable route to market for low-cost, mature renewable technologies such as onshore wind and solar PV. "

Energy UK Small