The UK government has confirmed plans to introduce a temporary cap on renewable energy generators’ revenue to curb the impact of soaring wholesale power prices.
The ‘Cost-Plus Revenue Limit’ will apply to renewables in England and Wales from the start of 2023 not currently covered by a Contract for Difference (CfD) in an effort to break the link between “abnormally high gas prices” and how much revenue low-carbon generators receive.
The legislation allows for the revenue cap to apply to Northern Ireland. However, BEIS is in talks with Holyrood to confirm whether the measure will extend to Scotland. https://renews.biz/81056/uk-confirms-2023-revenue-cap-on-renewables/?fbclid=IwAR3SetwkCfRZZAIB9z3EajGsuR4JiwKi81_xtl54V7z1kmXxwxgoJFYwLKA
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