New UK prime minister Liz Truss
UK aims to decouple renewables from gas
New prime minister Liz Truss proposes CfDs for existing renewables and nuclear as part of package to tackle energy affordability crisis and provide long-term security of supply
New UK prime minister Liz Truss has proposed measures to decouple more renewable power pricing from the wholesale natural gas market as part of a wider package of interventions designed to address the energy affordability crisis and to “end the UK’s short-termist approach to energy security once and for all”. Truss confirmed in a parliamentary debate on energy costs that the government wants to switch existing renewable power generators currently supported by Renewables Obligation (RO) subsidies onto contracts for difference (CfD) schemes. The CfDs, which could also be available to nuclear operators, would offer generators long-term price certainty but not allow them to profit in the short
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