Energy UK comments on Contract for Difference auction results

Responding to the Contract for Difference auction results Lawrence Slade chief executive of Energy UK said:

“Today’s exceptionally low results are further evidence of how the cost of clean energy is continuing to fall, and the move to a low carbon future is delivered at the lowest cost to consumers.

“This shows what can be achieved by providing the necessary certainty for investment, which drives down the cost of decarbonisation, benefits customers and the wider economy, and creates highly skilled jobs and stimulates growth in rural economies.

“The industry has shown it can deliver - with over a quarter of electricity generation now provided by renewables. We now need the Government to set out an ambitious, long-term plan for further decarbonisation in the Clean Growth Plan, as well as providing certainty around the timing for further auctions which allow for all technologies to compete for contracts.”