more like amber signal .. not sure how wholesale prices will rise to reduce your aggregate. more RE seems to only depress prices.
This looks very much like a green light for 'subsidy free' CfDs: "New levies may still be considered where they have a net reduction effect on bills" https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/661428/Autumn_Budget_Policy_costings_document_web.pdf …pic.twitter.com/JeefQolo8U
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But if (say) an onshore windfarm offered to build for a £40/MWh CfD that'd prob be below BEIS forecast of wholesale price and hence would cut bills.
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But wholesale prices drop by £8/MWh in 2025 when carbon price ends. Economics now harder.
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who says carbon price ends in 2025? Just at different level. Also merit order effect of renewables can also lead to net reduction for bills
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Thats a very optimistic reading!
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I think once we have substantially more offshore wind the captured price driving actual subsidy costs the CfD “net zero” subsidy hurdle for onshore wind gets harder assuming broad correlation of generation on and offshore. Solar could be different
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