Government consults on move from Renewables Obligation to contracts for difference
As part of the Electricity Market Reform (EMR) proposals being taken through Parliament by the government, the existing support for new large-scale renewable projects under the Renewables Obligation (RO) will be replaced by Feed-in Tariff contracts for difference (CfDs). The RO will close to new accreditations from 31 March 2017 and all projects in the RO as at that date will remain in the RO until the original period of support expires or until 31 March 2037, whichever is earlier.
CfDs will be available to new projects from mid-2014. Accordingly, there is a period between this date and 31 March 2017 (the transition period) when new projects or extensions to existing projects will have an element of choice as to whether to receive support under the RO or by means of a CfD. Until now, developers and investors had not seen the detail of how this transition would operate. The Department of Energy and Climate Change (DECC) has recently issued a consultation on how the transition period should be managed and when the RO should move to a fixed-price model. The consultation is open until 25 September 2013.
New generating capacity will have a one-off choice between the RO and CfD schemes, which DECC proposes will be made at the point of application to either scheme. However, the government has confirmed that an application for RO preliminary (as opposed to full) accreditation will not be regarded as making a one-off choice for the RO…
If you are registered and logged in to the site, click on the link below to read the rest of the Walker Morris briefing. If not, please register or sign in with your details below.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from Walker Morris
News from The Lawyer
Briefings from Walker Morris
The Infrastructure Act is intended to boost investment in development projects. The practical and commercial implications of the new measures are wideranging.
In Andrew Parissis v Blair Court (St John’s Wood) Management, the judge in the Upper Tribunal (Lands Chamber) provided some useful guidance.
Analysis from The Lawyer
Which firms are cutting it in this era of slimline rosters, and who are the GC new brooms making clean sweeps? The Lawyer can reveal all
The law school war shows no signs of ending. But we have, perhaps, reached the end of the beginning.