Renewable Energy

(asked on 9th September 2020) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what estimate he has made of the average prospective bidding price of (a) solar, (b) onshore wind and (c) offshore wind sites into Contracts for Difference auction round 4; and what assessment he has made of the implications of those prices for UK electricity costs.


Answered by
Kwasi Kwarteng Portrait
Kwasi Kwarteng
This question was answered on 16th September 2020

BEIS sets an administrative strike price for each technology, presented on a price per megawatt hour (MWh) basis, that is the maximum price the Government is willing to offer developers. The bid price is a commercial decision for the developer. The administrative strike prices and allocation round parameters will be published in advance of the next auction in 2021.

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