Notice

Second CFD Allocation Round – Statutory Notices

The statutory notices to launch the second Contracts for Difference (CFD) Allocation Round.

Documents

Budget Notice

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Accompanying Note

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Framework Notice

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Allocation Round Notice

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Standard Terms Notice

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Counterparty Costs Notice

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Details

Budget Notice and accompanying note

The Budget Notice sets out information on budget, administrative strike prices, delivery years and details of the maxima applying to the Second CFD Allocation Round. Eligible projects will compete for an available budget of £290 million for delivery years 2021/22 and 2022/23. The accompanying note provides more detailed explanation about the information in the Budget Notice.

Allocation Round Notice

The Allocation Round Notice confirms key dates for the second CFD Allocation Round as well as delivery years and eligible technologies.

Standard Terms Notice

This sets out the way in which the CFD Counterparty must use the information in the CFD notification to apply or complete the standard terms and which standard terms can be used by the CFD Counterparty to offer a CFD in that Allocation Round.

Counterparty Costs Notice

CFD applicants may apply to the CFD Counterparty for minor and necessary modifications of the CFD standard terms.

This notice sets out the threshold above which the costs likely to be incurred by the CFD Counterparty as a result of the modification mean that it would not be considered as minor and is set at £12,000 in line with the first round.

Allocation Framework Notice

This document identifies to the Low Carbon Contracts Company and the Delivery Body the Allocation Framework that applies to the second Allocation Round.

Published 13 March 2017