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UK Renewable Capacity Auction

This is a UK news story, published by Carbon Brief, that relates primarily to The Mail and Daily Telegraph news.

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Offshore wind strike prices

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Analysis: UK’s record-breaking renewable auction ‘will cut consumer bills’ - Carbon Brief

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87% Informative

More than 130 wind, solar and tidal energy projects secured funding in the latest round of the “contracts for difference” ( CfD ) scheme.

Auction comes after last year’s failure to contract any new offshore wind projects.

This year , 4.9GW of offshore wind was confirmed, as well as one 400MW floating offshore wind project.

This year 's auction secured 3.3GW of solar capacity across 93 projects and 1.0GW of onshore wind across 22 projects.

Offshore wind strike prices this year were 46% above the record-low 37 /MWh seen in 2022 .

All of the renewable contracts were awarded at below the technology-specific price caps in this year ’s auction.

The Mail and Daily Telegraph wrongly said the auction would add 150 to bills.

Consumer bills are made up of wholesale electricity costs, levies and other factors.

But bills are likely to be lower if the UK reaches the government’s 2030 target for clean electricity by building more wind and solar.

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Informative language

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formal

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English

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not hateful

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not detected

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not detected

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short-lived

External references

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