Haven Power

Second CfD auction delayed until 2017

Second CfD auction delayed until 2017


Media reports have suggested that the government has postponed the second contracts for difference (CfD) auction until next year. An article in the Financial Times on Thursday 25 August said that the delay did not reflect a change in the government’s policy towards renewable electricity, but was driven by a combination of the bureaucracy that followed the establishment of BEIS, and the summer holiday break. It would mean a gap of at least two years between the first two CfD auctions. RenewableUK’s Gordon Edge said: “Nobody is panicking […] We feel pretty confident about government support. A bit of a delay is not terrible but obviously we don’t want it to drag on.”