CfD Strike Prices Announced
The UK Government has published Contract for Difference strike prices for renewable technologies under Electricity Market Reform and a summary of key contract terms.
Strike prices
In summary, the onshore wind band has received a £5 cut on the proposed draft strike price (now £95-90/MWh), with offshore wind receiving a £5 rise in 2018-19 to £140/MWh. Hydro receives a small rise on the proposals to £100/MWh, as does Biomass CHP to £125/MWh. Large scale solar PV has reduced by £5/MWh each year. Wave, tidal and island onshore wind remain at the previously proposed levels.
Contract terms
The government has also published an update on the key contract terms for the CfD, aimed at enabling developers to bring forward investment at lower cost to consumers. In particular the updated terms provide flexibility to reduce capacity, protection against unexpected events and protection against changing circumstances.
Delivery Plan
The EMR Delivery Plan, which will be published later this month, will include further detail on economic modelling underpinning the strike prices. In addition, the documents will be accompanied by a detailed explanation of the Government’s final policy positions on the contract terms. The Government will engage early in 2014 on allocation, including the approach and details of operation for the introduction of competition.
Related posts
The introduction of the revised Electronic Communications Code was supposed to dramatically improve the situation created by its poorly conceived predecessor. Almost 12 months in and despite the opportunity
Outdated and inconsistent planning policy and guidance combined with strong local opposition have seen most of the applications for exploratory fracking sites, currently decided by local mineral planning bodies,
The Government released the new National Planning Policy Framework (NPPF) on the 24th July 2018. Six years on from the first publication of the NPPF, a tougher test on deliverability and the
On 28thDecember 2017 the new Electronic Communications Code came into effect. This revised legislation has been designed to support the rollout of a robust and sustainable telecommunications network throughout
As well as the delay to the start of Civils works on Phase 1, it is now widely reported that the DFT will announce to parliament the planned submission
Following the adoption of the Local Plan Strategy last year, the council is preparing a number of additional planning policy documents. These are being consulted on between 11 September
