The application window for Contract For Difference (CfD) Allocation Round Four (AR4) closed on 14 January. While we await news on the timetable and next steps for the auction, this ‘Chart of the week’ takes stock of how the pipeline for onshore wind and solar PV has developed since the reintroduction of Pot 1 technologies (announced back in March 2020).
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Related thinking
Energy storage and flexibility
Out with the old, in with the new: T-4 Capacity Market clears at record price
On 21 February, the T-4 Capacity Market auction for Delivery Year 2026-27 cleared at a record high price of £63.00/kW/year, procuring 43,000.955MW of capacity. In this week’s 'Chart of the week', we explore the key takeaways from the auction.
Power and gas networks
Push to meet renewables targets intensifies charging differences in GB
Higher transmission costs for generators in Scotland have been a feature of the GB electricity market since the introduction of cost reflective pricing, but with the ambition to increase generation levels from offshore and onshore wind and meet Net Zero generation targets, this is likely to increase. In this week’s...
Energy storage and flexibility
Record renewables pipeline: will investors reconsider after UK proposes green revenue cap?
News this week that the UK government is mulling over a cap on green generation revenues comes at a time when our research finds that the investment pipeline for electricity renewables generation is the highest it has ever been. In our Renewables Pipeline Tracker (RPT) service we analyse the growing...
Low carbon generation
Analysing earlier coal retirement in Victoria: What does it take for more emission reduction?
AEMO has recently published the 2022 Integrated System Plan (ISP), which provides an energy transition roadmap for the National Electricity Market (NEM). This ISP focuses on the “Step Change” scenario, which reflects strong action on climate change leading to a step change reduction of greenhouse gas emissions, based on the...
Low carbon generation
Head to Head: CfD vs RESS
2022 has been busy for renewable developers in Great Britain and Ireland, with both the fourth allocation round of the Contracts for Difference (CfD) scheme and the second round of the Renewable Electricity Support Scheme (RESS) concluding this summer. In this week’s ‘Chart of the Week’, we compared the latest...
Low carbon generation
BEIS confirm end-date for recognition of EU GoO imports
In this week’s ‘Chart of the Week’, we examine the historical volume of GoOs imported for FMD and explores what impact GoO removal will have on the REGO market.
Low carbon generation
CfD-accredited assets delay CfD start dates
The media have recently published stories regarding offshore windfarms with Contracts for Difference (CfD) agreements choosing to delay the start of their CfD terms in order to take advantage of high wholesale power prices and avoid having to pay additional revenue back to the Low Carbon Contracts Company (LCCC). This...
Business supply and services
A GoO-ey end? Green power import certificates poised for removal
On 29 March, BEIS published a consultation seeking views on the removal of Feed in Tariff (FIT) and Contracts for Difference (CfD) scheme cost exemptions for green imported electricity and the recognition of EU Guarantees of Origin (GoOs) in GB altogether. Our 'Chart of the week' shows historic GoO imports...
