thus supporting affordability.

It can be argued that a two-sided CfD no longer should be viewed as a subsidy in the traditional sense , that is, providing revenues higher than the market itself would provide. Indeed, a continued focus on a high carbon price and timely and well-sized deployment of flexibility measures will support market prices and alleviate the fear of price cannibalisation, thus making CfDs a revenue-stabilisation mechanism and not an explicit subsidy.