The Contracts for Difference (Sustainable Industry Rewards) Regulations 2024
These Regulations amend the Contracts for Difference (Allocation) Regulations 2014 (S.I. 2014/2011) (“Allocation Regulations”), the Electricity Market Reform (General) Regulations 2014 (S.I. 2014/2013) (“EMR Regulations”), the Contracts for Difference (Definition of Eligible Generator) Regulations 2014 (S.I. 2014/2010) (“Eligible Generator Regulations”) and the Contracts for Difference (Standard Terms) Regulations 2014 (S.I. 2014/2012) (“Standard Terms Regulations”). Those Regulations form part of the legislative framework underpinning the Contracts for Difference (“CFD”) scheme under section 6 of the Energy Act 2013 (c. 32). The CFD scheme is designed to encourage low carbon electricity generation by awarding subsidies accessed through a private law contract, which is secured in a competitive allocation round.
Lifecycle
Department
Made
23 May 2024
—
Comes into force
TBC
Enabling power
The Secretary of State makes these Regulations in exercise of the powers conferred by sections 6(1) and (6), 11(3), 12(1) and (3), 13(1), (2), (3) and (8), 16 and 19(1) and (2)(b) of the Energy Act 2013. The Secretary of State has consulted the persons listed in section 24(1) of that Act and has had regard to the matters in section 5(2) of the Act. In accordance with section 6(8)(b) of that Act, a draft of this instrument was laid before, and approved by a resolution of, each House of Parliament.
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