From NOT A LOT OF PEOPLE KNOW THAT
By Paul Homewood
Generative AI offshore wind farm
Contracts for Difference subsidies are still costing energy users a lot of money. Between April and September 2023, subsidies of £640 million were paid out, nearly all for offshore wind.
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The average strike price was £171/MWh, against a market price of £83/MWh.
Total generation covered by CfDs was 7.3 TWh.
Most renewable output is still subsidised via Renewable Obligations. For the 6 months to June 2023, the latest data available, subsidies for ROCs amounted to £3.0 billion on generation of 37.2 TWh.
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