Haven Power

BEIS sets CfD terms

BEIS sets CfD terms


The department published a series of documents related to the second contracts for difference (CfD) allocation round on Monday 13 March. The documents for the round, which will begin on 3 April, included the CfD allocation framework and the standard terms and conditions. It was also confirmed, in a consultation response, that deep geothermal projects would have their administrative strike price for the auction set at £140/MWh for both delivery years. A separate government response on “fuelled” technologies will be issued in due course. Further, a series of statutory notices on the second round were published.

BEIS