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<p>The Government is committed to minimising energy costs for businesses and consumers.
Contracts for Difference offer value-for-money to consumers and continue to deliver
low prices. For example, between the first allocation round in 2015 and the last round
in 2019, the price per unit (MWh) of offshore wind fell by around 65%.</p><p> </p><p>Competitive
auctions are proven to be effective in helping to keep costs down and this year’s
auction has been designed to keep the allocation process highly competitive. The impact
will be dependent on the outcome of the competitive auction process; it is expected
that this year’s round will have a small impact on household bills.</p>
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