The department for Business, Energy & Industrial Strategy has confirmed support rates for low carbon and renewable electricity technologies within the next tender round.
Bidding for the next Contracts for Difference scheme begins in April for projects to be delivered between 2021/22 and 2022/23. The budget is set at £290m/year.
Advanced conversion technologies will receive £125/MWh stepping down to £115/MWh in the second year; dedicated biomass with CHP will receive £115/MWh; anaerobic digestion plant greater than 5MW will receive £140/MWh stepping down to £135/MWh; wave power will receive £310/MWh reducing to £300/MWh; tidal power will receive £300/MWh stepping down to £295/MWh. Offshore wind will receive £105/MWh reducing to £100/MWh.
The government also confirmed support rate for geothermal power at £140/MWh, whether or not it is built with associated heat infrastructure.
See the full suite of CfD documents here.