CfD Stakeholder Bulletin — November 2018 (Budget Parameters)

Contracts for Difference: Stakeholder Bulletin 20 November 2018 Announcement of CfD budget parameters On 20th November, Energy and Clean Growth Minister Claire Perry announced the key budget pararmeters for the next Contracts for Difference (CfD) allocation round (AR3), which is planned to open by May 2019. The auction will be open to ‘less established’ (pot 2) technologies, which will start generating in delivery years 2023/24 and 2024/2025. The overall budget for the auction will be £60m. Administrative Strike Prices (ASPs) for the two delivery years have also been published in a draft budget notice1. The £60m budget is expected to support the delivery of around 4GW of new renewable energy generating capacity, capped at a maximum of 6GW. This whole auction capacity cap has been designed to increase competitive tension and maximise value for money for consumers. The Supply Chain Plans Guidance will be published shortly, and further documents relating to the allocation round will be published in due course. General Data Protection Regulation This stakeholder bulletin is being circulated to people who have opted in to the Contract for Difference stakeholder contact list. We issue these stakeholder bulletins as a convenience to interested parties, however it is not in any way essential to be on this list to participate in major consultations or allocation rounds. Purpose & scope of this list: This list is managed by the Department for Business, Energy and Industrial Strategy (BEIS) (and any successor departments) and will be used to inform interested parties of policy developments relevant to the Contract for Difference scheme for renewable energy projects (and any direct successor schemes). It is not used for any other purposes. To be removed from the circulation list: Please send a blank e-mail with the subject ‘opt out’ (or, if the receiving e-mail you use is different to the one you send e-mail from, including that e-mail address in the subject of the e-mail) to BEISContractsForDifference@beis.gov.uk . If you have received this indirectly and want to be added to this list: Send a blank e-mail with the subject line ‘opt in’ to BEISContractsForDifference@beis.gov.uk . You can withdraw your consent to opt in at any time. We will normally keep your address on the list until (a) you withdraw your consent to opt in, (b) the scheme closes without any successor, (c) we receive reports your e-mail address is no longer operational, or (d) you do not respond to a periodic request from us to reconfirm your desire to opt in. 1 https://www.gov.uk/government/publications/contracts-for-difference-cfd-draft-budget-notice-for-the-third- allocation-round