By Paul Homewood
I had not noticed at the time, but the last CfD round, AR5, included some tidal and geothermal projects.
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Image may be NSFW.
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https://cfd.lowcarboncontracts.uk/
The amounts are tiny, 94 and 12 MW respectively. But the prices are extremely high, particularly tidal.
It remains to be seen whether the govt pours millions more into future projects at these sort of prices.
It is also worth noting that there was a big hike in the Administrative Strike Price for the next AR6 round:
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These are at 2012 prices. I don’t have the 2024 indexation yet, but at 2023 prices tidal will cost £358/MWh, and geothermal £216/MWh.
While Claire Coutinho is patting herself on the back for introducing all of this wonderful low carbon technology, our energy bills will incur the cost!
