Guidance

Contracts for Difference (CfD) Allocation Round 3: Administrative strike prices methodology

This document sets out the methodology used to determine the administrative strike prices for the third CfD allocation round.

• From: Department for Energy Security and Net Zero and Department for Business, Energy & Industrial Strategy
• Published: 18 December 2018

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Methodology used to set administrative strike prices for CfD Allocation Round 3

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Methodology used to set administrative strike prices for CfD Allocation Round 3

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This paper explains the methodology used to determine the administrative strike prices (ASPs) for the Contracts for Difference (CfD) allocation round 3 (AR3), which is open to pot 2 (less established) technologies.

The auction will be held on a pay-as-clear basis, subject to no project receiving a higher strike price than its technology-specific ASP. The ASPs therefore act as a cap on the level of support available to each technology.

Published 18 December 2018