Business group presses for clarity on CfD auctions
The CBI has called on the government to provide a longer-term view of its plans for contracts for difference (CfD) auctions. In its submission to the government ahead of next month’s budget, the group said that setting out plans for the timing and expenditure of the auctions at least four years in advance would enable stability and the control of future costs. The submission further said the government must confirm its plans for the Levy Control Framework (LCF) beyond 2020, as this would allow firms to plan for long-term investments when the current spending period ended. The government was also advised to publish an annual report on the cost impact of all energy and climate policies.