Guidance

Contracts for Difference: standard terms and conditions

Contracts for Difference terms and conditions.

Documents

CFD Standard Terms and Conditions

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CFD Agreement (August 2014) with footnotes

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CFD (Phase 1) Agreement (Single Metering) with footnotes

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CFD (Phase 2) Agreement (Single Metering) with footnotes

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CFD (Phase 3) Agreement (Single Metering)* with footnotes

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CFD (Phase 1) Agreement (Apportioned Metering) with footnotes

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CFD (Phase 2) Agreement (Apportioned Metering) with footnotes

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CFD (Phase 3) Agreement (Apportioned Metering) with footnotes

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Private Network CfD Agreement with footnotes

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Detail

CFD Standard Terms and Conditions

The Standard Terms and Conditions issued by the Secretary of State on Friday 29 August 2014. These will be used in the first CFD Allocation Round.

Each CFD Contract issued in this Allocation Round will comprise two components:

  • The specific CFD Agreement; and
  • A copy of the Standard Terms and Conditions

CFD Agreement (August 2014)

The generic CFD Agreement forms the front section of the CFD Contract and contains project-specific information that tailors the application of the Standard Terms and Conditions.

CFD Applicants should select this CFD Agreement, unless one of the other published variations is required.

Phasing Agreement Single Metering

The Phasing Agreement (Single Metering) is specific to large-scale Offshore Wind projects seeking to build their project in modular sections over several years.

Under the Single Metering Approach, each phase is allocated a separate Phasing Agreement and Generators must ensure they are individually capable of separately and accurately recording net metered volumes per Settlement Unit.

CFD (Phase 1) Agreement (Single Metering) with footnotes CFD (Phase 1) Agreement (Single Metering) with footnotes (PDF, 208KB, 36 pages)

CFD (Phase 2) Agreement (Single Metering) with footnotes CFD (Phase 2) Agreement (Single Metering) with footnotes (PDF, 185KB, 29 pages)

CFD (Phase 3) Agreement (Single Metering) with footnotes CFD (Phase 3) Agreement (Single Metering)* with footnotes (PDF, 183KB, 30 pages)

Phasing Agreement Apportioned Metering

The Phasing Agreement (Single Apportioned Metering) is specific to large-scale Offshore Wind projects seeking to build their project in modular sections over several years.

Under the Apportioned Metering Approach, each phase is allocated a separate Phasing Agreement, however Generators may design their metering system to record the net metered output per Settlement Unit, for the project as a whole (i.e. via one central point or by aggregating multiple metering points).

The net metered output is then apportioned to each individual phase based on the overall functionality of that phase in the respective Settlement Unit.

CFD (Phase 1) Agreement (Apportioned Metering) with footnotes CFD (Phase 1) Agreement (Apportioned Metering) with footnotes (PDF, 242KB, 43 pages)

CFD (Phase 2) Agreement (Apportioned Metering) with footnotes CFD (Phase 2) Agreement (Apportioned Metering) with footnotes (PDF, 221KB, 37 pages)

CFD (Phase 3) Agreement (Apportioned Metering) with footnotes CFD (Phase 3) Agreement (Apportioned Metering) with footnotes (PDF, 215KB, 37 pages)

Private Network CFD Agreement

The Private Network CFD Agreement is a variant of the CFD Agreement applying to those projects that are license-exempt and trading on a private electricity network.

It includes a set of bespoke metering operational rules and technical system specifications which, Generators must comply with as per the terms of the Private Network CFD Agreement.