Responding to today’s Contracts for Difference allocation round 6 (AR6) results, Energy UK’s chief executive, Emma Pinchbeck said:
“Allocation Round 6 represents a crucial step in the journey to clean power by 2030. As we recover from an energy crisis caused by our exposure to international fossil fuel prices, it’s more important than ever that we build a clean energy system that can ensure our energy security and protect homes and businesses across the country from unaffordable energy bills. This is by far the cheapest way to power the UK.
“Today’s record-breaking result shows that the Contracts for Difference programme is once again fit for purpose. Building on AR6’s success will mean delivering next year’s auction on time, and maintaining an auction design that ensures both investor confidence and value for customers.”