Energy UK responds to latest Contracts for Difference results
Responding to the Contracts for Difference Allocation Round 3 results., Lawrence Slade (chief executive, Energy UK), said:
“Today’s exceptionally low results are tremendously exciting, on a day of global climate action, and shows just what can be done right now. The cost of clean energy is continuing to fall, and the move to a low carbon future is being delivered at the lowest cost to consumers.
“This shows what can be achieved by providing the necessary certainty for investment, which drives down the cost of decarbonisation, benefits customers and the wider economy, and creates highly skilled jobs and stimulates growth in rural economies.
“The industry has shown it can deliver - with over a third of electricity generation now provided by renewables. We now need the Government to set out a long-term policy framework to deliver on the newly legislated target of net-zero emissions at 2050.”