Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Contracts for Difference definition

What does Contracts for Difference mean? In practice, a contract for difference in the UK electricity market is a long‑term private law contract under which a low‑carbon generator receives (or pays) the difference between an agreed strike price and a market reference price, stabilising revenues over the contract term. In Great Britain (England and Wales and Scotland) “cfd” usually means the statutory Contracts for Difference scheme established under the Energy Act 2013. The counterparty is the government‑owned Low Carbon Contracts company (LCCC). CfDs are awarded through competitive allocation rounds and funded by the electricity supplier obligation. Key legal features include a two‑way payment...

Great Britain CfD supplier obligation: levy mechanics, settlement and enforcement; EII exemptions and end of green excluded electricity; Brexit impacts; and 2016–2024 amendments enabling CCUS Dispatchable Power Agreement funding

Published by a LexisNexis Energy expert

Practice notes

$imgtext$

For fuller analysis of the regulation, consenting and incentivisation of the net zero transition under the laws of England and Wales, see Collinson and Hockman on Energy Law: Regulating, Consenting and Incentivising the Energy Transition. That textbook explores, in depth, many of the themes addressed in this Practice Note...

This Practice Note outlines the principal aspects of the supplier obligation, a mandatory charge on Great Britain’s licensed electricity suppliers used to finance the Contracts for Difference (CfD) low carbon subsidy mechanism...

It also explains the reliefs available for electricity provided to electricity intensive industries (EIIs) and for power sourced from renewable generators in other EU Member States, described as ‘Green Excluded Electricity’...

What is the background to the CfD regime and Electricity Market Reform?

The Electricity Market Reform (EMR) Programme was developed by government between 2010 and 2015 to reshape the GB electricity system and stimulate investment in secure, affordable, low carbon generation. Reform was required due to strains on a fossil fuel dependent system and a policy shift towards a cleaner, more diverse energy mix, including renewables and nuclear...

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.

Web page updated on 21/05/2026

Popular documents

Using the Judicial College Guidelines to assess general damages in personal injury claims

When evaluating a general damages claim, the practitioner ought initially to refer to the Judicial College Guidelines (JCG)...

Tomlin orders in England and Wales: CPR guidance on drafting, confidentiality, approval, variation, enforcement, limitation, CCA issues, court-specific requirements, sample wording and precedents

This Practice Note This Practice Note reviews mechanisms used in settling litigation. A Tomlin order consists of a consent order paired with a schedule. It operates to stay proceedings on terms that have been agreed. The provisions contained in the schedule may remain confidential. This Practice Note describes the scope of confidentiality attaching to the schedule and sets out how it differs from a standard consent order. Sample wording for a Tomlin order is included, alongside links to precedents, as well as guidance on court approval. It also addresses varying, setting aside and enforcing a Tomlin order, including the considerations the court will take into account when handling applications for each. Further guidance is provided on interpreting and applying the relevant provisions of the CPR; however, some courts and divisions impose very specific requirements for both drafting and approval, and for approaching the schedule and confidentiality issues. Accordingly, you must consider the particular rules and court guide provisions in the forum where your claim is proceeding when drawing up the Tomlin order...

Precedent: Deed of Surrender of Lease with Optional Premium, Settlement and Release, Landlord, Mortgagee and Guarantor Consents, Reimbursement and HM Land Registry Provisions (England and Wales)

Date [ date ] Parties [ name of Landlord ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Landlord) [ name of Tenant ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Tenant) [ [ name of Guarantor ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Guarantor) ] [ [ name of Mortgagee ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Mortgagee) ] Definitions Within this Deed, the terms below shall be interpreted as follows: [ Annual Rent • the annual sum reserved under the Lease; ] [ Insurance Rent • the Tenant’s share of the Landlord’s costs of insuring the Property (as set out in the Lease); ] Lease • the lease of the Property dated [ date ], entered into between (1) [ the Landlord OR [ name ...

Precedent Statutory Declaration: Standard Wording under the Statutory Declarations Act 1835

I, [ name ], of [ address ], solemnly and sincerely state that: [ Matters to be verified, set out in numbered paragraphs ] I make this solemn statement in good conscience, believing it to be true, and pursuant to the provisions of the Statutory Declarations Act 1835. DECLARED at [ details ] this [ day ] day of [ month and year ] Before me ................................................................................ [ signature of the person before whom the declaration is made ] A [ commissioner for oaths OR [ solicitor OR [ insert other qualification ] ] authorised to administer oaths ]...