Contracts for Difference
The Energy White Paper, Powering our Net Zero Future (CP 337), published in December 2020 by HM Government, defines the Contracts for Difference scheme (CfD) as: ‘The main support mechanism for large scale low-carbon electricity generation projects. Successful projects are awarded a long-term contract which secures a price to which they will either be topped up if electricity prices are low, or pay back to if electricity prices are high.’
A Contract for Difference allocation round is: ‘The competitive allocation process of CfD contracts. Participants bid the strike price they require to build their project with the cheapest ones winning on a pay-as-clear system.’
[edit] Related articles on Designing Buildings
- A zero-carbon UK by 2050?
- Carbon.
- Carbon capture and storage.
- Carbon Takeback Obligation CTBO.
- Energy balancing.
- Energy supply.
- Energy white paper.
- Net zero and green jobs.
- Net zero carbon 2050.
- Organisations prompt government to Build Back Green.
- Renewable energy.
- The Government's 10-point plan: what's missing?
Featured articles and news
A briefing on fall protection systems for designers
A legal requirement and an ethical must.
CIOB Ireland launches manifesto for 2024 General Election
A vision for a sustainable, high-quality built environment that benefits all members of society.
Local leaders gain new powers to support local high streets
High Street Rental Auctions to be introduced from December.
Infrastructure sector posts second gain for October
With a boost for housebuilder and commercial developer contract awards.
Sustainable construction design teams survey
Shaping the Future of Sustainable Design: Your Voice Matters.
COP29; impacts of construction and updates
Amid criticism, open letters and calls for reform.
The properties of conservation rooflights
Things to consider when choosing the right product.
Adapting to meet changing needs.
London Build: A festival of construction
Co-located with the London Build Fire & Security Expo.
Tasked with locating groups of 10,000 homes with opportunity.
Delivering radical reform in the UK energy market
What are the benefits, barriers and underlying principles.
Information Management Initiative IMI
Building sector-transforming capabilities in emerging technologies.
Recent study of UK households reveals chilling home truths
Poor insulation, EPC knowledge and lack of understanding as to what retrofit might offer.
Embodied Carbon in the Built Environment
Overview, regulations, detail calculations and much more.
Why the construction sector must embrace workplace mental health support
Let’s talk; more importantly now, than ever.
Ensuring the trustworthiness of AI systems
A key growth area, including impacts for construction.