Continuing Cornwall Insight’s contribution to improving low carbon policy mechanisms, in a letter with wide support from the industry, today we have written to BEIS advocating for the introduction of a CfD Floor structure. We developed this innovative model during 2018. We believe that it would reignite investment in onshore renewables, minimise the risk of subsidy, and put the UK in the best position to pursue its stretching climate ambitions.
In a letter with wide support from the industry, today we have written to BEIS advocating for the introduction of a CfD Floor structure.
Commercial and market outlook Low carbon generation
Related thinking
Announcement
Capacity Investment Scheme boosted from 6GW to 32GW
From Cornwall Insight Australia's Energy Market Alerts service Last Friday, the Commonwealth announced a major boost to the Capacity Investment Scheme, with the scheme now expected to deliver 32GW (combination of 9GW firming capacity and 23GW renewable generation) – up from 6GW. Cornwall Insight Australia has released an Energy Market...
E-mobility and low carbon
2022’s most exciting ‘Charts of the Week’
Some of our team have looked back throughout 2022 and picked their most exciting ‘Chart of the Week’.Their choices include exploring green tariffs, wholesale gas prices, CfD allocation round 4 and the MHHS Implementation Levy. It’s My Birthday – Two years of Dynamic Containment Picked by Tom Faulkner, Head of...
Low carbon generation
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Business supply and services
Improvements for microbusinesses in the market begin to take effect
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Energy Market Design
Financing Net Zero: A (revenue) cap on UK merchant financing opportunities?
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Regulation and policy
Energy Price Guarantee to end in April
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Regulation and policy
Government to consult on the introduction of Cost-Plus-Revenue Limit
The government issued its Energy Prices Bill on 12 October. The bill will put in law a number of the already-announced mechanisms that will be used to support households and businesses this winter including the Energy Price Guarantee and the Energy Bill Relief Scheme. Also announced alongside this is the...
Energy storage and flexibility
From zero to hero: Can CfDs split markets and reduce costs this winter?
Given media comment on the imposition of a revenue cap for low carbon generators instead of migration of existing projects onto a CfD, please find below a blog published by Cornwall Insight three weeks ago. Not only did this note the possibility of the revenue cap being a fall back...
