{"id":327470,"date":"2024-05-08T07:38:44","date_gmt":"2024-05-08T05:38:44","guid":{"rendered":"https:\/\/climatescience.press\/?p=327470"},"modified":"2024-05-08T07:38:47","modified_gmt":"2024-05-08T05:38:47","slug":"cfd-subsidies-rising-again-as-market-prices-fall","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=327470","title":{"rendered":"CfD Subsidies Rising Again, As Market Prices\u00a0Fall"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

From NOT A LOT OF PEOPLE KNOW THAT <\/a><\/p>\n\n\n\n

By Paul Homewood<\/p>\n\n\n\n

We have now got the full data in from the Low Carbon Contracts Company concerning CfD subsidies for 2023\/24<\/strong>.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

https:\/\/dp.lowcarboncontracts.uk\/dataset\/actual-cfd-generation-and-avoided-ghg-emissions<\/a><\/p>\n\n\n\n

The above chart is for calendar year. Subsidies in the early years naturally were low as the system had only just started in 2016. Subsidies hit a record high in 2020, when market electricity prices had dropped through the floor because of lockdown induced low demand.<\/p>\n\n\n\n

On a financial year basis, subsidies jumped to \u00a32159 million in 2023\/24, with average market prices of \u00a382.53\/MWh.<\/p>\n\n\n\n

This year, market prices have fallen even further. Since January they have been averaging \u00a357.45\/MWh.<\/p>\n\n\n\n

Bear in mind that the current Administrative Strike Prices for offshore, onshore and solar are \u00a3105, \u00a392 and \u00a387\/MWh respectively.<\/p>\n\n\n\n

So much for cheap renewables!.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

We have now got the full data in from the Low Carbon Contracts Company concerning CfD subsidies for 2023\/24.<\/p>\n","protected":false},"author":121246920,"featured_media":327473,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[691828527,691828526,691822121],"class_list":["post-327470","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-2023-24","tag-cfd-subsidies","tag-low-carbon-contracts-company","fallback-thumbnail"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/05\/0subsidie.jpg?fit=1110%2C833&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1nbM","jetpack-related-posts":[{"id":344739,"url":"https:\/\/climatescience.press\/?p=344739","url_meta":{"origin":327470,"position":0},"title":"Renewables Subsidies Hit New August Record","author":"uwe.roland.gross","date":"10\/01\/2024","format":false,"excerpt":"The Low Carbon Contract Company (LCCC) manages the Contracts for Difference (CfD) subsidy scheme and\u00a0publishes data\u00a0to show how much it costs us. The data is usually published about 10 days in arrears and sometimes is adjusted. Now, we have the full data for August 2024, and it has settled down\u2026","rel":"","context":"In \"Contracts for Difference (CfD)\"","block_context":{"text":"Contracts for Difference (CfD)","link":"https:\/\/climatescience.press\/?tag=contracts-for-difference-cfd"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/10\/0philippines-renewable-energy-continues-to-boom.jpg?fit=1024%2C684&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/10\/0philippines-renewable-energy-continues-to-boom.jpg?fit=1024%2C684&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/10\/0philippines-renewable-energy-continues-to-boom.jpg?fit=1024%2C684&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/10\/0philippines-renewable-energy-continues-to-boom.jpg?fit=1024%2C684&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":363795,"url":"https:\/\/climatescience.press\/?p=363795","url_meta":{"origin":327470,"position":1},"title":"Record \u00a32.4 Billion in CfD Subsidies Paid Out in 2024","author":"uwe.roland.gross","date":"01\/29\/2025","format":false,"excerpt":"Hot on the heels of the record payments made under the Feed-in-Tariff scheme in the year to end March 2024, the data is now available for subsidies paid under the Contract for Difference Scheme (CfDs) in calendar year 2024. The data comes from the Low Carbon Contract Company (LCCC). The\u2026","rel":"","context":"In \"Contract for Difference Scheme (CfDs)\"","block_context":{"text":"Contract for Difference Scheme (CfDs)","link":"https:\/\/climatescience.press\/?tag=contract-for-difference-scheme-cfds"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/01\/0Untitled-design.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/01\/0Untitled-design.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/01\/0Untitled-design.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/01\/0Untitled-design.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/01\/0Untitled-design.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":373587,"url":"https:\/\/climatescience.press\/?p=373587","url_meta":{"origin":327470,"position":2},"title":"New Strike Prices Confirm Offshore Wind Is Much Dearer Than\u00a0Gas","author":"uwe.roland.gross","date":"04\/04\/2025","format":false,"excerpt":"Of particular interest are the contracts offered in last summer\u2019s AR6 round. Offshore wind, for example, has been uplifted to \u00a384.97\/MWh.","rel":"","context":"In \"Catalyst Energy report\"","block_context":{"text":"Catalyst Energy report","link":"https:\/\/climatescience.press\/?tag=catalyst-energy-report"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/04\/0UK-offshore-wind-farm-Christopher-FurlongGetty-Images-scaled-1.jpg?fit=1200%2C636&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/04\/0UK-offshore-wind-farm-Christopher-FurlongGetty-Images-scaled-1.jpg?fit=1200%2C636&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/04\/0UK-offshore-wind-farm-Christopher-FurlongGetty-Images-scaled-1.jpg?fit=1200%2C636&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/04\/0UK-offshore-wind-farm-Christopher-FurlongGetty-Images-scaled-1.jpg?fit=1200%2C636&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/04\/0UK-offshore-wind-farm-Christopher-FurlongGetty-Images-scaled-1.jpg?fit=1200%2C636&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":367216,"url":"https:\/\/climatescience.press\/?p=367216","url_meta":{"origin":327470,"position":3},"title":"Renewable Subsidies Set to Top \u00a312 Billion In\u00a02024","author":"uwe.roland.gross","date":"02\/22\/2025","format":false,"excerpt":"CfD subsidies cost us all a record \u00a32372 million last year.","rel":"","context":"In \"Contract for Difference Scheme (CfDs)\"","block_context":{"text":"Contract for Difference Scheme (CfDs)","link":"https:\/\/climatescience.press\/?tag=contract-for-difference-scheme-cfds"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/02\/0green-energy.jpg?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/02\/0green-energy.jpg?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/02\/0green-energy.jpg?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/02\/0green-energy.jpg?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/02\/0green-energy.jpg?fit=1200%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":328966,"url":"https:\/\/climatescience.press\/?p=328966","url_meta":{"origin":327470,"position":4},"title":"Turning Taxpayers Into Risk Takers","author":"uwe.roland.gross","date":"05\/14\/2024","format":false,"excerpt":"Budget 2024, the government of Canada\u2019s statement of its economic and financial plans for the next five years, included an announcement that the government would continue to expand its use of \u201ccontracts for difference\u201d as instruments of its climate policy. 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