Winds of change: Time for a policy rethink?
For those who follow energy market developments, this week was a good one for shock and awe. The latest contract for difference (CfD) auction, which enables a bankable long term revenue stream for investors, out turned at prices significantly lower than market expectations. Most newsworthy, offshore wind cleared at a price of £57.50/MWh for delivery in 2022-23 and £74.50/MWh for delivery in 2021-22, but energy from waste and biomass were all successful at these prices. Shock