UK energy department BEIS has confirmed it will publish the key terms of the next Contracts for Difference auction for renewables within weeks.
In its ‘Contracts for Difference and Capacity Market Scheme Update Report 2018′, BEIS said it would issue a draft budget notice, allocation process and delivery years for successful projects in the auction due to open by May 2019.
“Government expects to publish before the end of 2018 its final decisions on the amendments to the CfD scheme, along with other allocation round parameters,” it said.
The department will also issue revised CfD standard terms and conditions for new contracts awarded through the third CfD allocation round.
The next CfD allocation round is for less established technologies such as offshore wind.
The UK government will hold another allocation round in 2021 and auctions around every two years after that.
The auctions are expected to deliver between 1GW to 2GW of offshore wind each year in the 2020s.