Contracts for difference subsidy terms unveiled

Contracts for difference subsidy payments will be calculated using a twice-yearly or day-ahead electricity market price. DECC also has the right to change subsidy levels if unforeseen legal changes occur

DECC has revealed how it plans to support large-scale, low-carbon energy projects from 2014/15.

‘Contracts for difference’ published in draft form by the department on 7 August are a key part of the government’s package of electricity market reforms.

The long-term contracts are designed to secure investment in low-carbon technology by offering price certainty and a guaranteed income for electricity generation.

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