EC competition chief Joaquín Almunia said CfDs – the cornerstone of the UK government’s Electricity Market Reform (EMR) agenda – represent “afine example of how to promote the decarbonisation of the economy with market-based support mechanisms, at the lowest possible cost for consumers".
The verdict will come as a relief to UK policymakers and renewables developers alike, as there had been concerns that the whole approach could be ruled out of line with EU regulations.
However,
