Revised UK CfD Scheme Coming by Year-End

Source: Ørsted

The UK government plans to publish its final policy decisions on changes to the Contracts for Difference (CfD) scheme for the third allocation round this month.

The government expects to publish before the end of 2018 its final decisions on the amendments to the CfD scheme, along with other allocation round parameters, including a draft budget notice, allocation process and delivery years for successful projects, as well as revised CfD standard terms and conditions for new contracts awarded through the third CfD allocation round.

The UK has committed to making up to GBP 557 million of annual support available for further CfD.

Back in July, the government confirmed that the next CfD allocation round for less established technologies, such as offshore wind, will open by May 2019.

The government also committed to holding another allocation round in 2021 and auctions around every two years after that. Depending on the price achieved, these auctions are expected to deliver between 1 to 2GW of offshore wind each year in the 2020s.

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