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UK Government to Introduce CfDs for Existing Projects

September 11, 2022


New UK Prime Minister Liz Truss has confirmed her government will introduce new fixed price contracts for existing renewables generators.

Truss said today wind and solar projects will be able to move to Contracts for Difference in a bid to split green energy prices from soaring gas rates.

She added that the government will launch two energy reviews.

One will focus on looking at supply and affordability in the long term.

A second will review the government’s plan to deliver net zero by 2050 “in a way that is pro-business and affordable”, said Truss.

 

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