Government narrows down options for reform under its review of electricity market arrangements
Today the Government published its long-awaited second consultation on the Review of Electricity Market Arrangements (REMA).
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CfD
Government publishes consultation on amendments to future CfD rounds
The UK Government published a consultation on Thursday 11 January seeking views on potential changes to Allocation Round 7 (AR7) and future allocation rounds of the Contracts for Difference (CfD) scheme.
DESNZ reports on CfD and Capacity Market progress in 2023
DESNZ published its annual report to Parliament on Tuesday 19 December, setting out the progress made on the Contracts for Difference (CfD) and Capacity Markets scheme in 2023.
Views sought on proposed contract changes for CfD AR6
On Tuesday 19 December, DESNZ issued a consultation on several proposed changes to the Standard Terms and Conditions (STCs) and the Private Network (PN) Agreement for Allocation Round 6 (AR6) of the Contracts for Difference (CfD) scheme, which is scheduled to open in March 2024.
DESNZ consults on proposed CfD Sustainable Industry Reward from AR7
On Thursday 16 November, DESNZ published a consultation on its proposal to introduce a Contracts for Difference (CfD) Sustainable Industry Reward (SIR) from Allocation Round 7 (AR7) onwards. It noted that following feedback to its April 2023 call for evidence on the potential introduction of non-price factors into the CfD auction, it has decided to put forward more refined ideas for consultation and that going forward non-price factors will be referred to as the CfD SIR.
Offshore wind strike price to rise 66% to £73/MWh for AR6
On Thursday 16 November, DESNZ announced that the maximum strike price has been increased by 66% for offshore wind projects, from £44/MWh to £73/MWh, and by 52% for floating offshore wind projects, from £116/MWh to £176/MWh ahead of Allocation Round 6 (AR6) of the Contracts for Difference (CfD) scheme next year.