Despite lingering hurdles – including a potentially bruising lobbying battle with the European Commission over EU competition law – the agreement was hailed by the UK government as a major victory in its Electricity Market Reform roll-out.
The strike price on offer falls to £89.50/MWh should EDF build a second nuclear plant
Although the offshore wind sector has been offered a significantly higher Contract for Difference strike price, starting at £155/MWh in 2014 and falling to £135/MWh in 2019, offshore wind farms will only be paid over a 15-year period.
The
