CfD Stakeholder Bulletin — 20 December 2023
Summary
DESNZ has opened consultation on contract drafting amendments to CfD Standard Terms and Conditions and Private Network CfD Agreement for the sixth allocation round opening March 2024. The consultation closes 30 January 2024. This affects contract terms that generators will sign following successful bids in AR6.
Why it matters
Contract amendments can materially affect project economics and risk allocation between generators and government, though specific changes are not detailed in this bulletin. The timing suggests DESNZ wants final terms settled before AR6 opens, giving bidders clarity on what they would be signing.
Key facts
- •Consultation closes 30 January 2024
- •Applies to sixth CfD allocation round opening March 2024
- •Covers both Standard Terms and Private Network CfD Agreement amendments
Timeline
Areas affected
Related programmes
Memo
Contracts for Difference: Stakeholder Bulletin 20 December 2023 Government publishes contract amendments consultation The government has today opened a consultation seeking views on drafting amendments to the Contracts for Difference (CfD) Standard Terms and Conditions and the Private Network (PN) CfD Agreement. The proposed amendments will apply to the Standard Terms and Conditions and the PN CfD Agreement for the sixth CfD allocation round, which is scheduled to open in March 2024. • Consultation: Further information and details of how to respond The consultation closes on 30 January 2024. 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 Energy Security and Net Zero (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’ (if the receiving e-mail you use is different to the one you send the e-mail from, include that e-mail address in the subject of the e-mail) to ContractsForDifference@energysecurity.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 ContractsforDifference@energysecurity.gov.uk. You can withdraw your consent to opt in at any time. We will normally keep your address on this list until you: a) withdraw your consent to opt in, b) the scheme closes without any successor, c) we receive reports your email address is no longer operational, or d) you do not respond to a periodic request from us to reconfirm your desire to opt in.