The government’s eleventh hour £20 million budget boost for next month’s Contracts for Difference (CfD) auction will not significantly increase the chances of a successful exercise, says a new report that outlines how overhauling the renewables subsidy scheme’s rules could cut customers’ bills. Ministers increased the size of the budget allocated for Allocation Round 5 (AR5) of the CfD from £170 million to £190 million as part of its wider set of energy week announcements earlier this month. The results of the allocation round are due to be unveiled in early September.
Budget boost unlikely to shift prospects for next CfD round
