The results of the fifth competitive Allocation Round (AR5) for the Contract for Difference (CfD) were released by the Department for Energy Security & Net Zero (DESNZ) today.
The role of the Low Carbon Contracts Company (LCCC) is to manage CfDs, in particular, enabling generators to deliver CfD projects in accordance with the milestones set out in the contract, and to manage payments to and from generators once the projects are operational.
Following today’s notification from the Electricity Market Reform (EMR) Delivery Body, LCCC will now offer CfDs to the successful applicants, and once they have signed those contracts and passed their Initial Conditions Precedent, the projects will be officially added to the CfD portfolio. This briefing has been produced by LCCC, the CfD Counterparty, to illustrate these results, and their expected impact on the CfD portfolio once contracts with the successful applicants are signed.