Contracts for Difference (CfD) Allocation Round 5: statutory notices
Final statutory notices required to launch Contracts for Difference Allocation Round 5.
Documents
Details
Budget Revision Notice
The budget for CfD Allocation Round 5 (AR5) has been revised. The final budget for AR5 is £227 million, which is an overall increase of £22 million. This is an increase of £20 million in pot 1 and £2 million in pot 2.
Budget Notice and accompanying note
The Budget Notice sets out the parameters that apply to CfD Allocation Round 5. The budget available in the AR5 auction will be £170 million for Pot 1 (established technologies) and £35 million for Pot 2 (emerging technologies). The Pot 2 budget is inclusive of a minimum ringfence of £10 million for Tidal Stream projects. This results in a total budget of £205 million. Pot 1 delivery years are 2025 to 2026, 2026 to 2027 and 2027 to 2028. Pot 2 delivery years are 2026 to 2027 and 2027 to 2028.
The accompanying note provides a more detailed explanation of the information in the Budget Notice.
Allocation Round Notice
The Allocation Round Notice confirms the key dates for CfD Allocation Round 5, including a commencement date for the round of 30 March 2023 and a closing date of 24 April 2023.
Framework Notice
This notice states which Allocation Framework is applicable to CfD Allocation Round 5.
Standard Terms Notice
This notice sets out the figures that must be used by the Low Carbon Contracts Company (LCCC) to complete the appropriate Standard Terms (CfD contract), which is individualised for each successful project.
Counterparty Costs Notice
CfD applicants may apply to the CfD Counterparty (LCCC) to request ‘minor and necessary’ modifications to the CfD contract. This notice sets out the threshold above which the costs likely to be incurred by LCCC as a result of the modification would not be considered ‘minor’. We have set this threshold at £19,000 for CfD Allocation Round 5.
Updates to this page
Last updated 3 August 2023 + show all updates
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The final budget for CfD Allocation Round 5 has been published.
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First published.