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Allocation Round 7 preview webinar

Wednesday 6 August | 11.00am

The Department for Energy Security and Net Zero (DESNZ) has now published Administrative Strike Price and Pot Structure notices for Allocation Round 7 (AR7), this year’s clean energy auction.

RenewableUK has welcomed these key announcements, which are more reflective of market realities than in previous years, and create an opportunity to attract record levels of investment into this allocation round.

Ahead of the AR7 application window opening on 7 August, RenewableUK will be hosting a webinar at 11:00am on Wednesday 6 August to preview this year’s auction, discuss DESNZ’s reforms to the CfD scheme, and answer your questions.

Join our Executive Director of Policy and Engagement, Ana Musat, alongside our Policy Manager and market reform lead, Nick Hibberd, to discuss what a reformed national market will look like, what we expect to see from AR7 and the new budget-setting process, and our wider work around market arrangements that incentivise investment in renewable technologies and infrastructure.

Earlier this month, DESNZ confirmed that it will not go ahead with zonal or regional electricity pricing, concluding that “reforming the system while retaining a single national wholesale price is the right way to deliver a fair, affordable, secure, and efficient electricity system”. DESNZ subsequently confirmed its final response to proposed reforms to the Contracts for Difference (CfD) scheme, with the key changes including:

  • Extending the CfD contract length from 15 to 20 years for fixed-bottom offshore wind, floating offshore wind, onshore wind and solar technologies.
  • Changing the information the Secretary of State uses to inform the final budget.
  • Relaxing the eligibility requirements for unconsented fixed-bottom offshore wind projects, allowing projects that have not received consent to enter the auction.

If you are interested in attending the webinar, please use the link below to download and add it to your calendar. If you wish to submit any questions in advance, please get in touch with Nick Hibberd.

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