Consultation on Regulations for Contracts for Difference (Standard Terms and Modifications)

Overview

This consultation was carried out by the Department of Energy and Climate Change. In July 2016, the department merged with the Department for Business and Innovation and Skills to form the Department for Business, Energy and Industrial Strategy.

This consultation sets out the Government's position on regulation and supporting policy for four key areas of the Contract for Difference:

1. The issuance and revision of Standard Terms;
2. The ability for generators to request modifications to those Standard Terms;
3. The processes by which the System Operator notifies the CfD counterparty of an allocation decision, and by which the CfD counterparty then offers a generator a contract; and
4. The lists of technologies to be allocated the baseload and intermittent reference prices.

Why your views matter

DECC is seeking input from as wide a range of interested parties as soon as possible and the consultation includes a series of broad questions to help shape contributions from interested parties.

A wide range of stakeholders will see potential impact from the policies proposed within this consultation, and we wish to ensure that each has the opportunity to impact upon the design process.

What happens next

Following the closure of the consultation we will consider responses and prepare appropriate amendment to both regulation and policy. We aim to publish the Government response and to lay the final regulations in Parliament in spring 2014, and for the regulations to become law in Summer 2014.