{"id":360575,"date":"2025-01-05T16:14:17","date_gmt":"2025-01-05T15:14:17","guid":{"rendered":"https:\/\/climatescience.press\/?p=360575"},"modified":"2025-01-05T16:14:20","modified_gmt":"2025-01-05T15:14:20","slug":"cfd-subsidies-hit-record-high-in-2024","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=360575","title":{"rendered":"CfD Subsidies Hit Record High In\u00a02024"},"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

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

CfD subsidies hit a record high of \u00a32362 million last year, beating the previous record set in 2020, when market electricity prices were exceptionally low because of lockdowns. The LCCC data runs up to Dec 22nd, so the final figure for 2024 will be slightly higher still.<\/strong><\/p>\n\n\n\n

Subsidies covered 30.2 TWh of generation, at an average of \u00a378\/MWh. In other words, renewable schemes covered by CfD were paid about double the market price in overall terms.<\/p>\n\n\n\n

Wind power accounted for \u00a31970 million of the overall subsidy, with biomass adding a further \u00a3299 million.<\/p>\n\n\n\n

Total subsidies for wind power tot up to \u00a39.1 billion since the CfD scheme started in 2016, with biomass costing another \u00a32.5 billion.<\/p>\n\n\n\n

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

Meanwhile subsidies for wind power via the Renewable Obligation Scheme cost a further \u00a34.6 billion in the year ended March 2024.<\/p>\n\n\n\n

In short, wind power is now being subsidised to the tune of about \u00a37 billion a year, when constraint payments are included.<\/p>\n\n\n\n

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

CfD subsidies hit a record high of \u00a32362 million last year, beating the previous record set in 2020, when market electricity prices were exceptionally low because of lockdowns. The LCCC data runs up to Dec 22nd, so the final figure for 2024 will be slightly higher still.<\/p>\n","protected":false},"author":121246920,"featured_media":360580,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_crdt_document":"","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_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":[691823383,691828526,691819094],"class_list":{"0":"post-360575","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","8":"tag-691823383","9":"tag-cfd-subsidies","10":"tag-renewable-green-energy","12":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/01\/0philippines-renewable-energy-continues-to-boom.jpg?fit=1024%2C684&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1vNJ","jetpack-related-posts":[{"id":288260,"url":"https:\/\/climatescience.press\/?p=288260","url_meta":{"origin":360575,"position":0},"title":"Offshore Wind Costs","author":"uwe.roland.gross","date":"20\/11\/2023","format":false,"excerpt":"The UK government has increased the strike price caps for the upcoming Contracts for Different round and committed to an offshore wind-only pot. The Administrative Strike Price for fixed-foundation bidders in Allocation Round 6 will be \u00a373 per megawatt-hour, up 66% on the \u00a344\/MWh in AR5 that failed to attract\u2026","rel":"","context":"In \"\u00a311 billion a year\"","block_context":{"text":"\u00a311 billion a year","link":"https:\/\/climatescience.press\/?tag=11-billion-a-year"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/image-483.png?fit=1200%2C1063&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/image-483.png?fit=1200%2C1063&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/image-483.png?fit=1200%2C1063&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/image-483.png?fit=1200%2C1063&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/image-483.png?fit=1200%2C1063&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":419392,"url":"https:\/\/climatescience.press\/?p=419392","url_meta":{"origin":360575,"position":1},"title":"Miliband Claims High Energy Bills Due To Fossil\u00a0Fuels","author":"uwe.roland.gross","date":"01\/01\/2026","format":false,"excerpt":"Mad Miliband argues that exposure to global gas prices is the UK's \"Achilles' heel,\" causing bill spikes (e.g., after Russia's 2022 invasion of Ukraine) and long-term instability. He positions the transition to clean power (renewables and nuclear) by 2030 as the solution for lower, more stable bills, energy security, and\u2026","rel":"","context":"In \"Ed Miliband\"","block_context":{"text":"Ed Miliband","link":"https:\/\/climatescience.press\/?tag=ed-miliband"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/01\/AQPnCY3hqwtgC6PuNChJWL5hJHIS2orS8JAuoROvmTV8O3W_cw93E70wBTwUimnX5UYIr_SdVPKEr_frKTp4VwVsqLAbyaAWnnJb3VHXID_5W8tecDdungDr6-zJvLTOmx_k06ZyAn4vyy0pJLf3LDpjmK5_.jpeg?fit=1200%2C1200&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/01\/AQPnCY3hqwtgC6PuNChJWL5hJHIS2orS8JAuoROvmTV8O3W_cw93E70wBTwUimnX5UYIr_SdVPKEr_frKTp4VwVsqLAbyaAWnnJb3VHXID_5W8tecDdungDr6-zJvLTOmx_k06ZyAn4vyy0pJLf3LDpjmK5_.jpeg?fit=1200%2C1200&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/01\/AQPnCY3hqwtgC6PuNChJWL5hJHIS2orS8JAuoROvmTV8O3W_cw93E70wBTwUimnX5UYIr_SdVPKEr_frKTp4VwVsqLAbyaAWnnJb3VHXID_5W8tecDdungDr6-zJvLTOmx_k06ZyAn4vyy0pJLf3LDpjmK5_.jpeg?fit=1200%2C1200&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/01\/AQPnCY3hqwtgC6PuNChJWL5hJHIS2orS8JAuoROvmTV8O3W_cw93E70wBTwUimnX5UYIr_SdVPKEr_frKTp4VwVsqLAbyaAWnnJb3VHXID_5W8tecDdungDr6-zJvLTOmx_k06ZyAn4vyy0pJLf3LDpjmK5_.jpeg?fit=1200%2C1200&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/01\/AQPnCY3hqwtgC6PuNChJWL5hJHIS2orS8JAuoROvmTV8O3W_cw93E70wBTwUimnX5UYIr_SdVPKEr_frKTp4VwVsqLAbyaAWnnJb3VHXID_5W8tecDdungDr6-zJvLTOmx_k06ZyAn4vyy0pJLf3LDpjmK5_.jpeg?fit=1200%2C1200&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":440607,"url":"https:\/\/climatescience.press\/?p=440607","url_meta":{"origin":360575,"position":2},"title":"The Dying Embers of Net Zero Propaganda","author":"uwe.roland.gross","date":"20\/04\/2026","format":false,"excerpt":"Physics hasn\u2019t changed: wind and solar are cheap when the wind blows and sun shines, but the system still needs firm capacity. Technology costs have fallen dramatically, and emissions have been displaced \u2014 but the transition\u2019s total system cost is still being socialised through bills and subsidies. Whether the embers\u2026","rel":"","context":"In \"Contracts for Difference (CfDs)\"","block_context":{"text":"Contracts for Difference (CfDs)","link":"https:\/\/climatescience.press\/?tag=contracts-for-difference-cfds-2"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/04\/0-The-Dying-Embers-of-Net-Zero-Propaganda.jpg?fit=784%2C1168&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/04\/0-The-Dying-Embers-of-Net-Zero-Propaganda.jpg?fit=784%2C1168&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/04\/0-The-Dying-Embers-of-Net-Zero-Propaganda.jpg?fit=784%2C1168&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/04\/0-The-Dying-Embers-of-Net-Zero-Propaganda.jpg?fit=784%2C1168&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":248584,"url":"https:\/\/climatescience.press\/?p=248584","url_meta":{"origin":360575,"position":3},"title":"Never Enough: Wind Industry Squanders Billions & Demands Even More Subsidies From Taxpayers","author":"uwe.roland.gross","date":"19\/03\/2023","format":false,"excerpt":"Net Zero Watch notes that since the CfD strike prices are inflation-indexed the industry\u2019s excuse does not hold water. On the contrary, the demand for tax breaks confirms that the low bids in the CfD auctions were never accurate reflections of underlying windpower costs.","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/03\/image-744.png?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/03\/image-744.png?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/03\/image-744.png?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/03\/image-744.png?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/03\/image-744.png?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":283571,"url":"https:\/\/climatescience.press\/?p=283571","url_meta":{"origin":360575,"position":4},"title":"CfD Subsidies Increasing\u00a0Again","author":"uwe.roland.gross","date":"16\/10\/2023","format":false,"excerpt":"What kind of industry is this that only runs on subsidies? From NOT A LOT OF PEOPLE KNOW THAT By Paul Homewood Contracts for Difference subsidies are still costing energy users a lot of money. Between April and September 2023, subsidies of \u00a3640 million were paid out, nearly all for\u2026","rel":"","context":"In \"Contracts for Difference\"","block_context":{"text":"Contracts for Difference","link":"https:\/\/climatescience.press\/?tag=contracts-for-difference"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/10\/0offshore-wind-farm.jpg?fit=1200%2C754&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/10\/0offshore-wind-farm.jpg?fit=1200%2C754&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/10\/0offshore-wind-farm.jpg?fit=1200%2C754&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/10\/0offshore-wind-farm.jpg?fit=1200%2C754&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/10\/0offshore-wind-farm.jpg?fit=1200%2C754&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":205569,"url":"https:\/\/climatescience.press\/?p=205569","url_meta":{"origin":360575,"position":5},"title":"Offshore Wind Farms Still Being Subsidised Under CfD, Despite Higher Market Prices","author":"uwe.roland.gross","date":"23\/06\/2022","format":false,"excerpt":"By Paul Homewood https:\/\/eciu.net\/media\/press-releases\/2022\/cheap-wind-to-pay-back-26bn-in-future-gas-crisis The renewable lobby were quick to tell us when CfD contracts started briefly to repay money to consumers, when power prices peaked at the end of last year. But they are silent now that very short period has ended. Since the beginning of April, as wholesale\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/06\/0image-69.png?fit=1024%2C581&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/06\/0image-69.png?fit=1024%2C581&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/06\/0image-69.png?fit=1024%2C581&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/06\/0image-69.png?fit=1024%2C581&ssl=1&resize=700%2C400 2x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/360575","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/users\/121246920"}],"replies":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=360575"}],"version-history":[{"count":4,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/360575\/revisions"}],"predecessor-version":[{"id":360582,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/360575\/revisions\/360582"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/media\/360580"}],"wp:attachment":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=360575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=360575"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=360575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}