The Government has passed legislation which will enable the continued operability of the Feed-in Tariffs scheme, Contracts for Difference scheme, and the Renewables Obligation in the event of a no deal exit from the EU.
In the Clean Growth Strategy, government confirmed it would be making up to £557 million (2011/12 prices) of annual support available for further Contracts for Difference, providing industry with the certainty they need to invest in new projects.
The Department’s guidance states that in a no deal scenario, the government has legislated to ensure that Renewable Energy Guarantees of Origin issued in EU countries, including for combined heat and power will continue to be recognised. This will allow electricity suppliers to continue to use EU Renewable Energy Guarantees of Origin and will ensure that existing supply contracts are not compromised, in so far as these contracts depend upon Renewable Energy Guarantees of Origin. This position will be kept under review.