NAO: Investigation into the 2017 auction for low-carbon electricity generation contracts

Description from the National Audit Office (NAO): 

In September 2017, the Department for Business, Energy & Industrial Strategy (the Department) awarded through an auction 11 Contracts for Difference (CfDs) to low-carbon electricity generation projects. CfDs fix the price that generators receive for the electricity they generate for a set period, typically 15 years. Consumer-funded top-up payments make up the difference between the

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