UK’s 2017 low carbon contracts ‘will add £100m a year to consumer bills’

The government awarded 11 Contracts for Difference worth up to £176 million annually in last year’s auction

Gas and nuclear lead in UK power capacity auction

Britain has secured 50.41GW of backup electricity capacity for delivery in 2021/22. A total of 74.24GW entered the Capacity Market auction – which pays power plant operators to make backup electricity available at short notice – out of which 67.9% were successful. Gas power plants accounted for the lion’s share of the agreements at 29.6GW, […]

UK confirms £557m for future renewable energy auctions

The UK Government has announced funding worth up to £557 million for renewable energy auctions, with the next one planned for spring 2019. It will be made available to less established technologies, including offshore wind, anaerobic digestion, biomass with combined heat and power as well as wave, tidal and geothermal. The latest Contracts for Difference […]

Wind projects secure bulk of Spanish 3GW auction

Wind projects secured nearly all of the 3GW made available in Spain’s renewable energy auction. The auction resulted in contracts for €43/MWh (£37.1/MWh), the lowest level ever awarded in European onshore wind tenders. The industry welcomes the results as a positive development for the cost-competitive technology. It follows a three-year market standstill triggered by cuts to […]

Indian solar power price hits record low

The wholesale price of solar power has hit a record low in India. At a reverse auction in Rajasthan this week, power companies Phelan Energy and Avaada Power each offered to charge 2.62 rupees/kWh of electricity generated from solar panels. They were bidding for the fourth phase of the Bhadla solar project in the Indian […]

UK Government launches second green power auction

Renewable energy developers have started competing for £290 million worth of contracts. It is the second Contracts for Difference (CfD) auction, which supports renewable technologies and guarantees developers a certain price for the low carbon electricity they produce over 15 years. It represents the first part of the government’s commitment to provide up to £730 […]

UK Government sets out CfD auction details

The UK Government has set out further details for the next Contracts for Difference (CfD) auction. Under the scheme, companies will compete for an initial £290 million worth of contracts for renewable energy projects and be incentivised for the power they produce. The application process for the CfD allocation round will open on 3rd April. […]

MPs: All energy tech should compete in single auction for low cost power

The UK Government should allow all technologies to compete in a single, “technology-neutral” auction to supply electricity at the lowest possible cost to consumers. That’s the suggestion from the House of Lords Economic Affairs Committee (EAC), which believes consumers may be paying “unnecessarily high costs” to meet the UK’s interim carbon budget targets. The carbon […]

Registration open for second CfD auction

Businesses can now register their interest for the second Contracts for Difference (CfD) auction. The pre-application activity is for businesses that wish to apply for a CfD and will need to complete and submit a registration form, preferably before the application window opens. They can register via the Electricity Market Reform (EMR) Delivery Body website. […]

Coal and gas big winners in power capacity auction

Coal and gas-fired power plants were among the winners in the latest electricity capacity auction. The Capacity Market cleared at a lower-than-expected price of £6.95/kW, equating to a guaranteed £377 million for UK power generators. A total of 59.286GW entered the auction, of which 54.4GW are set to be handed contracts to provide electricity next […]