Government launches new consultation on energy market CfDs

DECC logo

The UK government is seeking views on proposed regulations that will cover the process by which the Energy Minister can direct the CfD Counterparty to offer a CfD.

Electricity Market Reform (EMR) will create a new mechanism to provide long-term revenue stabilisation to incentivise investment in low-carbon generation – Contracts for Difference (CfDs). CfDs will help to ensure that low carbon and reliable electricity generation is an attractive investment opportunity.

In previous consultations the government has said that the Secretary of State will retain the power to direct the CfD Counterparty Body to enter into bespoke CfDs outside the generic CfD allocation process.

This consultation is to provide clarity to stakeholders on the Government’s intention to retain this power and to seek stakeholder views on the regulations that will govern the way it is exercised.

To respond, send your comments to:

SecondaryLegislationEMR@decc.gsi.gov.uk

Pixie Energy

Pixie logo Pixie Energy is an incubator and a facilitator of strategic research and project work, focusing on energy regulation, policy and markets at the local and national level. Find out more about Pixie Energy here.

Local Energy Matters: Scotland

Local Energy Matters: Scotland is a free-to-download brochure with a focus on energy tariffs in the two Scottish electricity distribution regions, as well news on local energy and low-carbon schemes.

Previous editions can be download here.

Scottish energy market overview

You can read an overview of the Scottish energy market here.

Scottish Government energy feed