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ARTICLE · 02 OCTOBER 2014

DECC Increases The Subsidy Pot For CfDs

MacRoberts
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The budget notice for the first allocation round for Contracts for Difference (CfDs) has been published today.

United KingdomEmployment and HR
Michael Murphy
Michael Murphy
Nick Jones
Nick Jones
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The budget notice for the first allocation round for Contracts for Difference (CfDs) has been published today.

Apparently responding to almost universal dismay when the draft budget notice was published in the Summer, DECC have confirmed an increase in all delivery years apart from the first, and importantly have now given visibility as far as 20/21.

The budget for delivery year 15/16 remains at £50m (2011/12 prices) for established technologies, increasing to £65m for each of the following delivery years.

For the less-established technologies (including offshore wind), the pot remains at £155m in the first year (16/17 for the less-established technologies) and then rises to £235m for each of the following delivery years.

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