Policy paper

Contracts for Difference (CfD): draft budget notice for the third allocation round

This draft notice sets out information on budget, strike prices, delivery years, a capacity cap, and details of any minima / maxima for the third CfD allocation round.

Documents

Contracts for Difference (CfD): Draft Budget Notice for the third allocation round, 2019

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Draft Accompanying Note to the Draft Budget Notice for the third CfD Allocation Round

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Details

This draft budget notice sets out information on:

  • draft budget
  • draft strike prices
  • delivery years
  • a capacity cap
  • whether any minima / maxima apply to the third CfD allocation round
  • any other relevant details

Eligible projects will compete for an annual budget of £60 million in the third CfD allocation round for the delivery years 2023 to 2024 and 2024 to 2025. The allocation round will be subject to a total capacity cap of 6GW, subject to State aid approval.

The draft budget notice should be read in conjunction with the accompanying note. A final budget notice will be issued no later than 10 working days prior to the commencement of the allocation round.

Published 20 November 2018