From NOT A LOT OF PEOPLE KNOW THAT

By Paul Homewood

Contracts for Difference subsidies are still costing energy users a lot of money. Between April and September 2023, subsidies of £640 million were paid out, nearly all for offshore wind.

The average strike price was £171/MWh, against a market price of £83/MWh.

Total generation covered by CfDs was 7.3 TWh.

Most renewable output is still subsidised via Renewable Obligations. For the 6 months to June 2023, the latest data available, subsidies for ROCs amounted to £3.0 billion on generation of 37.2 TWh.