CfD Stakeholder Bulletin — 12 August 2024
Summary
The sealed bid window for AR6 CfD allocation has closed and NESO will run the auction process. Results will be notified to applicants on 3-4 September 2024, followed by public release on GOV.UK. The allocation process will be followed by an independent audit.
Why it matters
This represents the key milestone in AR6 where strike prices are determined through competitive bidding. The 3-4 September notification date will reveal how much capacity cleared at what prices, indicating the cost of securing new renewable capacity.
Key facts
- •Sealed bid window closed
- •Results notification scheduled for 3-4 September 2024
- •Independent audit will follow allocation process
Timeline
Areas affected
Related programmes
Memo
Contracts for Difference: Stakeholder Bulletin 12 August 2024 AR6 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 3-4 September 2024. Once it has done so, the results will be made publicly available on GOV.UK. For further information on the remaining stages of AR6, 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 ContractsForDifference@energysecurity.gov.uk. 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 ContractsforDifference@energysecurity.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.