CfD Stakeholder Bulletin — 16 August 2023
Summary
CfD Allocation Round 5 sealed bid window closed, with National Grid ESO running the allocation process followed by independent audit. Results will be announced 7-8 September 2023 and published on GOV.UK. This is a routine procedural update on AR5 timing.
Why it matters
Standard process milestone that provides market participants with confirmation of AR5 schedule. The independent audit requirement adds administrative oversight but does not change the fundamental allocation mechanism or strike prices.
Key facts
- •Sealed bid window closed for AR5
- •Results announcement 7-8 September 2023
- •Independent audit follows allocation process
Timeline
Areas affected
Related programmes
Memo
Contracts for Difference: Stakeholder Bulletin 16th August 2023 Allocation Round 5 update: Allocation process The sealed bid window has closed, and National Grid ESO will now run the allocation/auction process. The allocation process will be followed by an independent audit. Subject to the outcome of the independent audit, National Grid ESO intends to notify qualifying applicants of the results of the auction on 7-8 September 2023. Once it has done so, the results will be made publicly available on GOV.UK. For further information on the remaining stages of AR5, please refer to scenario five in the published timeline. General Data Protection Regulation This stakeholder bulletin is being circulated to people who have opted in to the Contract for Difference stakeholder contact list. We issue these stakeholder bulletins as a convenience to interested parties, however it is not in any way essential to be on this list to participate in major consultations or allocation rounds. Purpose & scope of this list: This list is managed by the Department for Energy Security and Net Zero (and any successor departments) and will be used to inform interested parties of policy developments relevant to the Contract for Difference scheme for renewable energy projects (and any direct successor schemes). It is not used for any other purposes. To be removed from the circulation list: Please send a blank e-mail with the subject ‘opt out’ (if the receiving e-mail you use is different to the one you send the e-mail from, include that e-mail address in the subject of the e-mail) to . If you have received this indirectly and want to be added to this list: Send a blank e-mail with the subject line ‘opt in’ to BEISContractsForDifference@beis.gov.uk. You can withdraw your consent to opt in at any time. We will normally keep your address on this list until you: a) withdraw your consent to opt in, b) the scheme closes without any successor, c) we receive reports your email address is no longer operational, or d) you do not respond to a periodic request from us to reconfirm your desire to opt in.