Guidance

Contracts for Difference (CfD) Allocation Round 4: Administrative strike prices methodology

This document sets out the methodology used to determine the administrative strike prices for the fourth Contracts for Difference Allocation Round.

• From: Department for Energy Security and Net Zero and Department for Business, Energy & Industrial Strategy
• Published: 13 September 2021

Documents

Methodology used to set Administrative Strike Prices for CfD Allocation Round 4

PDF, 438 KB, 16 pages

Details

This paper explains the methodology used to determine the administrative strike prices (ASPs) for the Contracts for Difference (CfD) Allocation Round 4 (AR4), which is open to pot 1 (established technologies), pot 2 (less established) technologies and pot 3 (offshore wind projects).

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 13 September 2021