Clean power contract auction could slash energy bills by £11bn, analysts claim

James Murray
clock • 3 min read
The Gwynt y Mor wind farm / Credit: Kevin Berry - RWE UK
Image:

The Gwynt y Mor wind farm / Credit: Kevin Berry - RWE UK

LCP Delta calculates upcoming Contract for Difference auction promises to reduce wholesale power costs and deliver net savings for households and businesses through to 2050

The UK's next clean power contract auction could deliver over £11bn in savings for consumers through to 2050, according to a new analysis from LCP Delta. The analyst firm this week published new modelling...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Energy

'Decisive and widening': Battery storage undercutting gas peaking plants on cost, study shows

'Decisive and widening': Battery storage undercutting gas peaking plants on cost, study shows

Wood Mackenzie calculates four-hour battery storage projects are now less expensive than open-cycle gas turbines in all major markets

James Murray
clock 09 October 2026 • 5 min read
Report: UK has the potential to become a 'major' hub for low-carbon ammonia

Report: UK has the potential to become a 'major' hub for low-carbon ammonia

New roadmap positions low-carbon ammonia as a strategic national asset that can enable food security, decarbonisation, and regional revitalisation

Stuart Stone
clock 06 October 2026 • 4 min read
'Pivotal crossroads': Could a new generation of electric arc furnaces wean the UK off steel imports?

'Pivotal crossroads': Could a new generation of electric arc furnaces wean the UK off steel imports?

Scunthorpe and Port Talbot could lead a 'steel revival' enabled by electric arc furnaces and better use of British scrap metal -but time is running out to deliver green steel strategy, ECIU warns

Stuart Stone
clock 06 October 2026 • 6 min read