Overview
- Ministers say the auction secures about £22bn in private investment and 7,000 jobs across the country.
- The strike price is up 11% on last year and sits above recent average wholesale electricity prices of roughly £83/MWh.
- The round uses CfDs with an initial £900m budget for top‑up payments funded via bills, with analysts estimating prices below roughly £94/MWh could be consumer‑neutral.
- Transmission projects such as Norwich–Tilbury and Sea Link are scheduled for completion in 2031, raising curtailment risks for new North Sea wind output.
- Cornwall Insight forecasts about 86% low‑carbon power by 2030, suggesting the 95% target may slip into the mid‑2030s to mid‑2040s.