"Between 1 December 2023 and 30 November 2026, will a UK strike price of £65 (2012 prices) for offshore wind result in net savings, inflation-adjusted, for the Low Carbon Contract Company to a hypothetical renewable generator?"

Potential outcomes:

• Yes, it will result in net savings for the Low Carbon Contract Company.

• No, it will result in net payments from the Low Carbon Contract Company.

Source: Low Carbon Contract Company

Reference project: "Triton Knoll Offshore Wind Farm Phase 1" (CFD_ID: AR2-TKN-103), with a strike price of £74.75 per MWh (2012 prices), needs to be adjusted to reflect a strike price of £65.

Inflation: ONS Consumer Price Index, monthly

Discount rate: 3.5 per cent (as per the UK Treasury Green Book).