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Chart of the Week

2017

Chart of the week | Energy geek CfD predictor

On 11 September, bidders will be expecting to hear the Contracts for Difference (CfD) pot two auction results. National Grid began the auction on 14 August. It offers up to £295mn of support (in 2012 money) for less-established renewable technologies that will commission in 2021-22 and 2022-23. At the opening of the round Ofgem Chief Executive Dermot Nolan said he hoped the auction would clear at a price of “£70 or less”. In this Chart of the Week, we surmise industry expectations for the clearing prices, which indicate that such a benchmark is – in the view at least of energy market analysts – very achievable.Health warning: some of these numbers were shared late at night on twitter so how much consensus is influenced by alcohol or analytical fatigue remains unknown! They also only represent the personal, not company views of the individuals involved. But it is a good ...

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