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REA welcomes move to annual CfD auctions;
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The switch has long been called for by the
REA;
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Longer timetables and more technologies highlighted as
the next step.
The Association for Renewable Energy and Clean Technology (REA)
have warmly welcomed the Government’s move to annual CfD
auctions.
The REA have long called for the switch to more frequent
auctions, and say that the switch will aid the energy transition
and protect the UK from the volatile fossil fuel prices which
have driven the recent energy bill spike.
The cost effectiveness of renewables was highlighted, with the
REA calling for a longer timetable to give industry time to plan.
Adding further technologies such as wave and tidal, geothermal,
ACT and bioenergy would provide a balanced generation mix with
benefits felt across the country.
Frank Gordon, Director of Policy at the Association for
Renewable Energy and Clean Technology (REA), said:
“The REA welcomes the move to annual CfD auctions as
confirmed by BEIS today. We and others have called for more
frequent auctions for a number of years, most recently in
response to the energy bills crisis. More power will be needed as
sectors decarbonise, and moving to renewable, domestic energy
supplies is ultimately the only way to prevent us being exposed
to volatile international fossil fuel prices that drive bill
increases, while enabling Net Zero.”
“The fact that CfD projects have paid back several million
pounds to the Treasury illustrates the cost effectiveness of new
renewable power. We look forward to seeing more detail on the
proposed timetable and budget for the auctions, and would like to
see a timetable of at least a rolling three year dates, ideally
out to 2030, to allow industry time to plan.
“The success of offshore wind needs to be replicated for
other essential technologies, such as wave and tidal, geothermal,
ACT and bioenergy, to ensure a balanced generation mix with
benefits felt across the country.
“We now urge the Government to move at pace to introduce
effective flexibility markets, support for long term energy
storage, decarbonise the heat sector and introduce new measures
to allow householders to reduce their energy usage in the face of
rising bills.”
