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Energy Bill draft strike prices published earlier than expected
The Government has set out strike price support levels for renewable technologies under the new support mechanism, the Contracts-for-Difference (CfDs) model, which will aim to help renewables contribute more than 30% of total power by 2020, writes Edie.net.
Announced earlier than expected, the Department for Energy and Climate Change (DECC) said that the strike prices aim to make the UK market one of the most attractive for developers of wind, wave, tidal, solar and other renewables technologies, whilst minimising the costs to consumers.
DECC said that these prices are broadly comparable to the support levels available under the Renewables Obligation (RO).
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