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<p>Since 2014, the Contracts for Difference scheme has proven itself highly effective
at driving deployment of large-scale renewables while rapidly reducing costs. The
scheme has now contracted over 30GW of new low-carbon capacity, including 20GW of
offshore wind. The Government continuously reviews the scheme to ensure it remains
fit-for-purpose as our electricity system evolves and we work towards our net zero
ambitions. In 2022, the Government published a three-phase evaluation of the scheme,
which found that the scheme was meeting its objectives. <a href="http://wqa.parliament.uk"
target="_blank"><sup>[1]</sup></a></p><p> </p><p><a href="http://wqa.parliament.uk"
target="_blank"><sup>[1]</sup></a><a href="https://eur02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.gov.uk%2Fgovernment%2Fpublications%2Fevaluation-of-the-contracts-for-difference-scheme&data=05%7C01%7CParliamentary.PQ%40energysecurity.gov.uk%7Cd1f8e4f936ba4caad2d208dbe9e03818%7Ccbac700502c143ebb497e6492d1b2dd8%7C0%7C0%7C638360921454431797%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=72IdjwUzDFhwc2riVLiQ9NeO8Ktb7MhHNpeV9cK31yI%3D&reserved=0"
target="_blank">https://www.gov.uk/government/publications/evaluation-of-the-contracts-for-difference-scheme</a></p>
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