Guidance

Contract for Difference (CfD) third allocation round: methodology used to set administrative strike prices

This document sets out the methodology used to determine the administrative strike prices for the third CfD allocation round.

Documents

Methodology used to set administrative strike prices for CfD Allocation Round 3

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Details

This paper explains the methodology used to determine the administrative strike prices (ASPs) for the Contracts for Difference (CfD) allocation round 3, which is open to pot 2 (less established) technologies.

The auction will be held on a pay-as-clear basis, subject to no project receiving a higher strike price than its technology-specific ASP. The ASPs therefore act as a cap on the level of support available to each technology.

Published 18 December 2018