Comment on Contracts for Difference (CfD) Allocation Round 6

Commenting on the outcome of the Contracts for Difference (CfD) Allocation Round 6 [1] Jess Ralston, Head of Energy at the Energy and Climate Intelligence Unit (ECIU) said: "This is good news for consumers, UK PLC and our energy security as these record levels mean cheaper power, jobs and growth as well as helping us transition off gas, which will increasingly come from abroad as North Sea output continues its inevitable decline. The fixed price, at or below the predicted wholesale price, will help to lessen the impact of any future gas price volatility with onshore wind and solar in particular effectively subsidising people’s energy bills.

"The UK’s net zero economy was worth £74bn last year [2] and this signals the UK is back in business as a good place to invest in renewables helping to secure further future growth."

ENDS

Notes to editors:

1. Contracts for Difference (CfD) Allocation Round 6: results https://www.gov.uk/government/...

2. The UK’s net zero economy: https://eciu.net/analysis/repo...

For more information or for interview requests:

George Smeeton, Head of Communications, ECIU, Tel: +44 (0)7894 571 153, email: george.smeeton@eciu.net