Question to the Department for Energy Security & Net Zero:
To ask the Secretary of State for Energy Security and Net Zero, what recent discussions he has had with (a) EDF Renewables and (b) the Low Carbon Contracts Company on the increase in the strike price for energy produced by the Neart na Gaoithe Offshore Wind Farm; and when he expects the updated Generator's Expected Start Date to be published.
Neart na Gaoithe’s strike price was increased in April in accordance with the annual strike price adjustment exercise undertaken by the Low Carbon Contracts Company (LCCC) in its role as Contracts for Difference (CfD) Counterparty. Strike prices are adjusted annually for all current CfD generators using a formula set out in the contract terms and conditions. The Government does not have a role in this process and has not discussed this case with EDF Renewables or the LCCC. The CfD Register, published on the LCCC’s website, indicates that Neart na Gaoithe expects to start generating on 1st June 2024.