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Issue 740 | Contracts for Difference Auction Results: Second Allocation Round

Issue 740 | Contracts for Difference Auction Results: Second Allocation Round

Lee Drummee Lee Drummee Analyst

Contracts for Difference Auction Results: Second Allocation Round Electricity Alert 11 September 2017 Headline assessment 1 Assessment & recommendation On 11 September 2017, BEIS published the results of the second Contracts for Difference (CfD) allocation round. A total of 3.3GW of capacity across 11 projects has been offered contracts at clearing prices ranging from £40.00/MWh to £74.75/MWh (in 2012 money). 61% of the £290mn budget was allocated across four delivery years, peaking at £176mn in 2023-24, which is an estimated £0.59/MWh additional on the consumer bill or around £1.82 on the annual domestic bill, in 2012 money. Eight projects representing 357MW are due to ...

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