This document sets out decisions on the strike prices for renewable technologies for the period 2014/15-2018/19 and provides an update on the key contract terms for the CfD.
This document sets out decisions on the Contract for Difference (CfD) strike prices for renewable technologies for the period 2014/15-2018/19, and provides an update on the key CfD contract terms. This major milestone provides investor and industry certainty that will maintain the UK’s position as one of the most attractive for low-carbon energy developers.
The strike prices have been set to meet the Government’s objectives on renewable energy, decarbonisation, security of supply and minimising costs to consumers. They have also been informed by the feedback and evidence received through the draft Electricity Market Reform Delivery Plan consultation, conducted during the summer of 2013.