Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what estimate his Department has made of the amount to be raised from the 2018 Contracts for Difference auctions when those wind farms come on stream; and in the context of the wholesale price being higher than the strike price, what estimate his Department has made of the potential amount of repayment to Government revenues.
The Low Carbon Contracts Company publishes regularly updated short-term forecasts of aggregate Contracts for Difference payments under a range of different scenarios to reflect uncertainty. The Office for Budget Responsibility also publishes a longer-term forecasts of aggregate Contracts for Difference costs including Contracts for Difference payments.