13/01/2026 | Energy markets

How renewables are funded and how it benefits you: the upcoming auction explained

Ana Musat and Nick Hibberd

13 January 2026 


In this video, Ana Musat and Nick Hibberd explain what you need to know about the upcoming Contracts for Difference (CfD) Allocation Round 7 for offshore wind, and how more renewables on the system can help satisfy our growing electricity demands, whilst stabilising and lowering bills over time. 




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Ana Musat

Executive Director, Policy & Engagement

Ana is the Executive Director, Policy & Engagement at RenewableUK. She oversees the trade association’s policy work across all renewable technologies, as well as the programme of engagement with members, media and other external stakeholders. Her role is to deliver policy change that accelerates the transition to a renewables-based energy system that delivers socio-economic benefits for the UK. Prior to joining RenewableUK, she was the Head of Policy at Aldersgate Group and also served as a Lead Consultant for the Green Finance Institute’s Coalition for the Decarbonisation of Road Transport.

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Nick Hibberd

Policy Manager

Nick leads RenewableUK’s work on Markets Policy design, focusing on policy development the CfD scheme. Nick has worked on the development of non-price factors for the CfD and late-life policy for offshore wind, and is secretariat of RUK's Market Design Working Group. Nick is passionate about energy decarbonisation and has been part of RenewableUK for two years after completing an MSc in Public Policy.