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 developments
  • Stay in the know with our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Tap into our extensive archive of exclusive articles, news, analysis and guides
  • 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

Credit: iStock

G7 nations pledge to deliver near-zero carbon electricity grids by 2035

But draft proposal to set hard deadline for phase out of coal-powered electricity is struck from final version of agreement

Cecilia Keating
clock 27 May 2022 • 6 min read
Credit: Stora Enso / Modvion

Wooden wind farms? Stora Enso and Modvion tout wood as greener option for turbine towers

Firms point to 'vast possibilities' arising from utilising wood as alternative to steel

Michael Holder
clock 27 May 2022 • 2 min read
LanzaTech technicians | Credit: LanzaTech

'Game changer': LanzaTech transforms captured carbon into plastic

Company claims new production method presents major opportunity to slash environmental impact of plastic bottles and fibres

Cecilia Keating
clock 27 May 2022 • 2 min read