Renewable generators to pay back 'reconciliation' as gas crisis sees power prices rocket

clock • 2 min read
Electricity firms are in line for payments as the price of renewable energy soars
Image:

Electricity firms are in line for payments as the price of renewable energy soars

Update confirms Contracts for Difference regime should deliver payments to energy suppliers from renewables generators

The Contracts for Difference (CfD) scheme will see renewable energy generators paying money back to electricity suppliers for the first time as part of reconciliation process triggered by the high wholesale...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech development
  • Tap into our extensive archive of exclusive articles, news, analysis and guide
  • Access to our new BusinessGreen intelligence service, providing you with
  • > Exclusive in-depth case studies
  • > Policy briefings, white papers and reports on market trends that are shaping the direction of the net zero transition
  • Our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Online and interactive meetings with BusinessGreen’s editors to discuss the crucial stories and trends from the past month

Choose from 3 paid membership levels or start a 7-day no strings trial.

Join nowTry 7 day trial

 

Already a BusinessGreen member?

Login

More on Energy

IRENA: Record global renewables growth still not enough to meet 2030 goals

IRENA: Record global renewables growth still not enough to meet 2030 goals

Renewable electricity capacity continues to grow at a record pace, yet the world remains off track to meet global clean power and climate goals for 2030

Michael Holder
clock 12 July 2024 • 4 min read
Is the world ready to move into an 'energy substitution' phase?

Is the world ready to move into an 'energy substitution' phase?

BP analysis estimates that oil demand is set to peak in 2025, but it also warns that clean energy additions are still being outpaced by energy demand, leaving the door open for long term fossil fuel use

Cecilia Keating
clock 11 July 2024 • 6 min read
Clean power by 2030: What has to happen next to deliver on Labour's ambitious target?

Clean power by 2030: What has to happen next to deliver on Labour's ambitious target?

The new Labour government faces a daunting task to decarbonise the electricity system and accelerate green growth this decade - but there are plenty of policy levers at its disposal that would help

Michael Holder
clock 10 July 2024 • 17 min read