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AR2
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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...
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Low carbon generation
Chart of the week | To 6 GW… and beyond! Offshore wind in the CfD scheme
The role of Contracts for Difference (CfD) generators in the electricity market continues to expand and Allocation Round 4 (AR4) to be held later in 2021 will expand this role further. By the end of 2020, installed generating capacity supported by the CfD scheme already totalled 5.2GW, providing Great Britain...
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Low carbon generation
Chart of the week | Offshore wind: taking up the load
In this week's Chart of the Week we discuss BEIS releasing its Allocation Framework for CfD Round 3 (AR3) on 21 January 2019, which included a new load factor for offshore wind of 58.4%. This compares to 47.7% for AR2 and 37.7% for AR1 in 2017 and 2014 respectively, marking significant anticipated improvements...
