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> Nobody was going to offer to sell electricity for £37.35 for the next 5 years in a market where you can currently sell it for £70 - £100 The beauty of the Cf
by chickenbig 2y ago
> Nobody was going to offer to sell electricity for £37.35 for the next 5 years in a market where you can currently sell it for £70 - £100
The beauty of the CfD scheme is that you can choose when to start using it. But once you're in you're in, you're in until the end of the 15 years.
https://www.current-news.co.uk/significant-commercial-incentive-for-offshore-wind-farms-to-delay-cfd-activation/#:~:text=However%2C%20some%20offshore%20wind%20generators,additional%20revenue%20to%20the%20LCCC https://www.current-news.co.uk/significant-commercial-incent....
In truth I think it will be a mug's game to build offshore wind without a CfD. See https://www.squeaky.energy/blog/the-unintended-consequences-of-negative-power-prices-in-the-uk https://www.squeaky.energy/blog/the-unintended-consequences-... for a view of what the day-ahead auction will turn into in a few years.