The UK is examining options for its contract-for-difference (CfD) scheme – widely hailed as one of the most successful renewable support mechanisms globally – in a bid to future-proof its market structures for the nation’s push to net zero.
Officials opened a consultation over the ability of the CfD – and other possible alternatives – to deliver the steady volumes of capacity Britain needs to meet its 2050 objectives, in a fast-changing, complex market that will feature more variable generation plants operating alongside, or linked to, storage or other energy sources such as hydrogen.
