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Daily Bulletin

Issue 3197

Policy

James Cunningham Consulting Analyst

CfD changes to cost consumers £1.5bn The National Audit Office (NAO) has released the report on its investigation into the 2017 Contracts for Difference (CfD) auction. Published Wednesday 16 May, the report revealed that BEIS changes to rules last year meant that the 2017 auction will cost consumers significantly more than the 2015 auction, relative to the additional capacity it secured. The NAO found that the introduction of a capacity cap enabled small fuelled‑technology projects to raise the strike price of larger ...

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