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| (Courtesy CIA.gov) |
Second Contracts for Difference auction will support “less established” technologies including geothermal energy
UK Businesses can now register their interest for the second Contracts for Difference (CfD) auction. The pre-application activity is for businesses that wish to apply for a CfD and will need to complete and submit a registration form, preferably before the application window opens. They can register via the Electricity Market Reform (EMR) Delivery Body website.
Under the CfD, low carbon electricity generators are incentivised for the power they produce. Companies will be able to compete for an initial £290 million worth of contracts for renewable projects under the second round.
It will support “less established” technologies, including offshore wind, anaerobic digestion, biomass with CHP, advanced conversion technologies, wave, tidal and geothermal energy.
UK Businesses can now register their interest for the second Contracts for Difference (CfD) auction. The pre-application activity is for businesses that wish to apply for a CfD and will need to complete and submit a registration form, preferably before the application window opens. They can register via the Electricity Market Reform (EMR) Delivery Body website.
Under the CfD, low carbon electricity generators are incentivised for the power they produce. Companies will be able to compete for an initial £290 million worth of contracts for renewable projects under the second round.
It will support “less established” technologies, including offshore wind, anaerobic digestion, biomass with CHP, advanced conversion technologies, wave, tidal and geothermal energy.