CfD costs to be paid back to electricity suppliers as high wholesale prices continue
Around £39,222,407 is to be returned to electricity suppliers through the Contracts for Difference (CfD) scheme, the first quarter in which this has occurred.
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BEIS confirms CfD auction to open in December 2021
The next Contracts for Difference auction will begin in December, the Department for Business, Energy and Industrial Strategy (BEIS) has confirmed.
New CfD projects contributed 18.8TWh of low carbon generation in 2019/20
During 2019/20, 11 Contracts for Difference (CfD) projects became operational, generating enough low carbon electricity to power Wales.
BEIS commits to protect suppliers from 80% of obligation payment increases
The government has committed to protect suppliers from 80% of the increases in obligation payments for the second quarter.