Centrica says it is “awaiting the final outcome of the[Electricity Market Reform] consultation to determine the implications” before it takes any decision on Race Bank, implying that the government has not yet dispelled the uncertainty for investors – or that the draftContract for Difference (CfD) prices are simply not attractive enough.
The draft CfD prices published last month – all but certainto be left intact when the EMR package is passed into law – would see offshorewind farms paid £155 ($236m) per MWh in 2014/15 before falling to £135/MWh in 2018/19.
