The UK government is consulting on reforms to its renewables auction scheme, contracts for difference (CfD), that it says would “pave the way” for more renewables projects to come online by 2030.
The next contracts for difference (CfD) auctions will have to procure record-breaking amounts of renewable energy if the 2030 clean power target is to be met.
The Low Carbon Contracts Company (LCCC) has announced that 130 contracts for difference (CfDs) have been signed following the most recent allocation round (AR6).
The Department for Energy Security and Net Zero (DESNZ) has released its response to a major consultation on the future of the Contracts for Difference (CfD) scheme.
RenewableUK, has published a report recommending what it calls “simple, evolutionary” reforms to the current allocation process for the government’s Contracts for Difference (CfD) scheme.
Forecasting by Cornwall Insight shows that this year’s Contracts for Difference auction will add about £4.59 to a typical household’s energy bill by 2030-31.
The record-breaking results of the government’s Contracts for Difference (CfD) sixth auction round (AR6) have been well received across the UK renewable energy industry.
