Biofuels and Wind Power: Finance

(asked on 19th March 2019) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy if he will make it his policy to create parity under Contract for Difference allocation rounds two and three between dedicated biomass with CHP and offshore wind; and if he will make a statement.


Answered by
 Portrait
Claire Perry
This question was answered on 26th March 2019

A draft budget notice was published in November 2018, which outlined the proposed Administrative Strike Prices (ASPs) for all technologies eligible to compete in the next allocation round, this notice can be found here: https://www.gov.uk/government/publications/contracts-for-difference-cfd-draft-budget-notice-for-the-third-allocation-round

In setting the ASPs, the government has drawn upon the latest generation cost data, while also considering market conditions, policy considerations and other technology specific factors in order to encourage new investment whilst ensuring value for money for consumers.

The methodology used to determine the draft ASPs for the third allocation round is published here: https://www.gov.uk/government/publications/contract-for-difference-cfd-third-allocation-round-methodology-used-to-set-administrative-strike-prices

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