Three trade bodies have called on the government to make urgent reforms to the annual Contracts for Difference (CfD) auctions, warning the current scheme is eroding industry’s capacity to invest in critical infrastructure. RenewableUK, Energy UK and Scottish Renewables raised concerns about what they describe as “the race to the bottom on strike prices” which is “at odds with the reality of project costs and investment needs”.
Trade bodies urge CfD reform to end ‘race to the bottom’
