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Issue 370 | Offtaker of Last Resort

Issue 370 | Offtaker of Last Resort

DECC consultationSupporting Independent Renewable Investment: Offtaker of Last Resort 18 February 2014 DECC launched this consultation on 11 February 2014 seeking views on the government’s proposal for the Offtaker of Last Resort (OLR) mechanism. The consultation recognises the scale of the investment challenge in the electricity sector (£110bn over the next ten years), the key role likely to be played by independent generators in meeting this challenge, and the importance of securing bankable Power Purchase Agreements (PPAs) if they are to play this role. The government believes the introduction of Contracts for Difference (CfD) will improve PPA market conditions for independent ...

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