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<ul><li>The first Contract For Difference (CfD) allocation round results, published
in 2015, saw over 1.2 gigawatts of offshore wind capacity secure contracts, estimated
at the time of the auction to cost consumers just over £240 million per year (2012
prices).</li><li>The second round results, announced in September 2017, saw the clearing
price half for offshore wind delivered in the auction; we secured an additional 3.2
gigawatts of new offshore wind capacity, estimated at the time of the auction to cost
consumers just over £130 million per year (2012 prices).</li><li>There are many factors
that affect payments under these contracts, which mean that actual costs may go up
or down.</li><li>These results demonstrate that the UK is an attractive place to invest,
with a record amount of renewable capacity secured to power our homes.</li><li>The
price of offshore wind clearing through the auction has halved in two years, demonstrating
that competitive auctions are working well to drive down costs and deliver savings
for consumers, whilst delivering the government’s decarbonisation ambitions.</li></ul>
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