The winning projects in the latest Contracts for Difference (CfD) auctions would pay back £7 billion per year to consumers once they are up and running if wholesale energy prices remained at current levels, according to analysis by the Energy and Climate Intelligence Unit. The think tank said the projects contracted in previous allocations rounds would also return £6.7 billion per year to consumers once they are all commissioned, bringing the total annual savings to nearly £14 billion.
Latest CfDs would pay back £7bn per year at current prices
