This week, the Government confirmed the results of the sixth Auction Round (AR6) for contracts to supply renewable energy. Despite claims from politicians and green lobbyists that the price of power from wind and solar is falling, this auction saw prices increase. So what is really being auctioned – contracts, or a captive market of consumers who have no choice in how policies and prices are determined?
“The results are in,” announced the Secretary of State for Energy Security and Net Zero. “The Government has secured a record-breaking 131 new clean energy projects in the latest renewable auction round.” Critics were quick to point out that Miliband’s claim is a simple lie. In fact, the bids were made in April under the previous government. The only difference that the new Government made was to increase the number of bids accepted by increasing the size of the budget available for bids, known as the ‘pot’.
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