Because the UK appears to be like to bounce again from its calamitous renewable power public sale final 12 months, RWE’s nation chief has warned there should be an “pressing rethink” round what he argues is defective power value modelling that might restrict the variety of initiatives awarded within the subsequent spherical.
Assumptions the UK’s Division for Vitality Safety and Web Zero (DESNZ) makes about future power market costs used as a base for its contracts for distinction (CfD) auctions means it at present “significantly overestimates” the doubtless value of renewable power to shoppers, argues Tom Glover, the UK chief for German developer RWE.
