Responding to Kwasi Kwarteng’s statement on the Contracts for Difference scheme, Energy UK’s chief executive, Emma Pinchbeck said:
“We are delighted with the Government’s decision to move to annual CfD auctions, which we have long advocated for as we transition to Net Zero. The CfD scheme has been critical to facilitating investment in renewable energy and annual CfD auctions will drive further investment, boost the UK’s supply chain as well as lower energy bills as we reduce our reliance on international gas prices.”