By Paul Homewood
Just a short note to correct yesterday’s post on the AR6 CfD results.
I had written that “In AR6, four projects, with a combined capacity of 498MW, have taken advantage of this loophole – Inch Cape, Moray West, Hornsea Three and EA3”
This figure wrongly excluded the 1080MW withdrawn by Hornsea, so the correct total is 1578MW:
https://www.gov.uk/government/publications/contracts-for-difference-cfd-allocation-round-6-results
My estimated cost to billpayers of this switching of capacity to higher prices. which I put at about £800m is still correct.