CfD Stakeholder Bulletin — 7 February 2023
Summary
DESNZ announces Allocation Round 5 launch event for 23 February 2023, ahead of the round opening in March 2023. This marks the first annual CfD round following Round 4's success in 2022. The online event includes presentations from delivery partners and Q&A, with registration required by 22 February.
Why it matters
Confirms the shift to annual CfD rounds, shortening the cycle from biennial allocation. This increases deployment frequency but maintains the same auction mechanism that favours lowest-cost bidders within technology-specific pots.
Key facts
- •Launch event: 23 February 2023, 10:00-13:30 GMT
- •Registration deadline: 12pm, 22 February 2023
- •Round 5 opening: March 2023
- •First annual CfD round (previously biennial)
Timeline
Areas affected
Related programmes
Memo
Contracts for Difference: Stakeholder Bulletin 7th February 2023 Allocation Round 5 Launch Event Date: Thursday 23rd February 2023 at 10.00-13.30 GMT Contracts for Difference Delivery Partners will be hosting an online event ahead of the opening of Allocation Round 5. This event will be held on MS Teams on 23rd February 2023. The fifth allocation round of the Contracts for Difference (CfD) Scheme is planned to open in March 2023. This is the first time a CfD round has been run annually, following the success of Allocation Round 4 in 2022. To launch Allocation Round 5, the CfD delivery partners – the Department for Business, Energy and Industrial Strategy (BEIS), National Grid ESO, the Low Carbon Contracts Company (LCCC) and Ofgem – will come together to host an online event. The event will include presentations from each of the delivery partners, providing an overview of key CfD allocation round processes, and a Q&A session. To attend, you must register for the event by 12pm on 22nd February 2023. • Register for tickets and find out more here 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 Business, Energy and Industrial Strategy (BEIS) (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 BEISContractsForDifference@beis.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 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.