Contracts for Difference (CfD): proposed amendments to the scheme 2020 | Colchester Borough Council

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Contracts for Difference (CfD): proposed amendments to the scheme 2020

Seeking views on the proposed changes to the Contracts for Difference (CfD) scheme.

IN THIS ARTICLE

This consultation seeks views on proposed changes to the Contracts for Difference (CfD) scheme, to ensure it continues to support low carbon electricity generation at the lowest possible cost to consumers.

CfDs incentivise investment in renewable energy by providing developers of projects with high upfront costs and long lifetimes with direct protection from volatile wholesale prices, and they protect consumers from paying increased support costs when electricity prices are high.

This consultation from the Department for Business, Energy and Industrial Strategy runs from 2 March to 22 May 2020.

View consultation

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