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<p>The design of the Capacity Market drives fierce competition with existing and new
resources, of all technology types, competing together. These auctions allow the market
to identify which technology type is cost efficient in delivering security of supply,
creating good value outcomes for consumers. Similarly, the recent Contracts for Difference
allocation round for low carbon generation has demonstrated that the costs of offshore
wind have fallen significantly, driven by sustained competition for support.</p><p>We
are also supporting an increase in Britain’s interconnection capacity by ensuring
a stable regime under which interconnector developers can bring forward projects to
enable access to cheaper electricity from Europe at times of peak demand.</p>
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