On 3 September 2024, the Department for Energy Security & Net Zero (DESNZ) published the results of the sixth Allocation Round (AR6) for the Contract for Difference (CfD) scheme.
Low Carbon Contracts Company (LCCC) are responsible for managing CfDs by enabling generators to deliver CfD projects in accordance with the milestones set out within the contract, and to manage payments to and from generators once the projects are operational.
Following a notification from the Electricity Market Reform (EMR) Delivery Body, LCCC will now offer CfDs to successful applicants, and once these contracts have been signed and passed their initial Conditions Precedent, the projects can then be officially added to the CfD portfolio. This briefing has been produced by LCCC, the CfD Counterparty, to illustrate these results, and their expected impact on the CfD portfolio once contracts with the successful applicants are signed.
Access the full breakdown of the results here.