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Contract for Difference: Difference between revisions
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[[Category:Legislation & Policy]][[Category:Economics]] | [[Category:Legislation & Policy]][[Category:Economics]] | ||
The Contracts for Difference (CFD) scheme is the Government’s main mechanism for supporting ([[Subsidy |subsidising]]) low-carbon electricity generation. CFDs incentivise investment in renewable and low-carbon energy by providing developers of projects with high upfront costs and long lifetimes with direct protection from volatile wholesale prices, and they protect consumers from paying increased support costs when electricity prices are high<ref name="foo"> [[BEIS]], 2019. [https://www.gov.uk/government/publications/contracts-for-difference/contract-for-difference Contracts for Difference.] [online] GOV.UK. [Accessed 30 Oct. 2019].</ref>. | The [[Contracts for Difference]] ([[CFD]]) scheme is the Government’s main mechanism for supporting ([[Subsidy |subsidising]]) low-carbon electricity generation. CFDs incentivise investment in renewable and low-carbon energy by providing developers of projects with high upfront costs and long lifetimes with direct protection from volatile wholesale prices, and they protect consumers from paying increased support costs when electricity prices are high<ref name="foo"> [[BEIS]], 2019. [https://www.gov.uk/government/publications/contracts-for-difference/contract-for-difference Contracts for Difference.] [online] GOV.UK. [Accessed 30 Oct. 2019].</ref>. | ||
Waste related projects are eligible by virtue of the renewable content of the waste used in a project that generates electricity. | Waste related projects are eligible by virtue of the renewable content of the waste used in a project that generates electricity. | ||