Renewable energy consultancy BVG Associates (BVGA) released a report on Monday 11 June claiming that awarding contracts for 5GW of new onshore wind from 2019-25 could benefit consumers by £1.6bn. The BVGA analysis modelled five new Contract for Difference (CfD) auctions starting in 2019 and then held at 18-month intervals thereafter, each with a maximum capacity of 1GW. It said that forecasts showed that the cost of new onshore projects will drop beneath the government’s forecast wholesale electricity price from 2023, thereby saving consumers money on bills.
