December 4 (Renewables Now) - The UK government is considering changes to the contracts for difference (CfD) scheme and expects to consult on proposed amendments in due course.
The Department for Business, Energy and Industrial Strategy (BEIS) today published an annual update on the CfD and Capacity Market (CM) mechanisms. It said the government is looking at changes to the CfD scheme which will allow it "to continue to support new low carbon generation while providing the best value for bill payers in the years ahead." Details are not yet available.
As previously announced, the government is also considering changes which will enable it to support, subject to state aid approval, the development of remote island wind projects.
The document notes that as part of its clean growth strategy, the government has confirmed that up to GBP 557 million (USD 753m/EUR 635m) will be available for future auctions for less established renewable technologies such as offshore wind. The next auction is expected in 2019.
(GBP 1 = USD 1.352/EUR 1.141)