Contracts for Difference in the Electricity Market Continue to Expand

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Offshore wind represents a large proportion of the increase, with almost 3.0TWh of the forecast 3.8TWh increase coming from this technology.

Official Press Release Cornwall Insight:

Offshore wind a big driver of generation installed under CfD scheme

Wind Industry Profile of
Offshore wind a big driver of generation installed under CfD scheme

Research from Cornwall Insight shows that the role of Contracts for Difference (CfD) generators in the electricity market continues to expand, and Allocation Round 4 (AR4) to be held later in 2021 will only expand this role further.

Key findings 5.2GW of installed capacity supported by the CfD scheme by the end of 2020, providing GB with 22.0TWh of renewable generation. The first three months of 2021 saw operational capacity under the CfD rise to 5.6GW*, with a total of 6.4TWh of generation from these assets. Forecasts from Cornwall Insight shows CfD capacity will rise to 6.8GW by the end of 2021. Generation from CfD fleet in 2021 is forecasted to generate 25.8TWh** across 2021. Almost 10% of total GB... ... More: Official Press Release Cornwall Insight

Cornwall Insight, CfD, offshore, wind power, UK, research, market, GW, capacity, generation, baseload, electricity market

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