Our key scheme objectives are to deliver low-carbon electricity at the lowest cost to consumers.
Each allocation round has led to lower costs. This is shown in the graph below.
We can also assess the performance of each individual CfD. This is tracked through the Milestone Delivery Date, which allows us to measure each project’s progress towards delivery.
The delivery performance of CfDs is very good - 96% of the capacity is on track to be delivered on time.
A wide pool of international finance, including banks, utilities and sovereign wealth funds, have been attracted to invest in CfD projects. This has increased the competition to lend to them and therefore has lowered the cost of capital.