Commentary on provisions of Act Reducing the price of electricity Section 18: Contracts for difference
Subsection (2) sets out amendments to the Energy Act 2013 in relation to the existing Contracts for Difference (CfD) regime. This includes at Section 6 extending the purpose of the CfD regulations to make clear that encouraging low carbon generation includes encouraging the continuation of, or an increase in, low carbon electricity generation at existing generating stations.
	Subsection (3) amends Section 7 of the Energy Act 2013 to allow for the designation of a different Counterparty for any future CfD scheme used for this extended purpose.
	Subsection (4) amends Section 17 of the Energy Act 2013 to provide a power for the Secretary of State to make regulations requiring that customers of an electricity supplier benefit, in accordance with those regulations, from payments made to the supplier by the CfD Counterparty.
	Subsection (5) amends Section 19 of the Energy Act 2013 to allow regulations to: require an electricity supplier to provide the Secretary of State or others with information; for the Authority and the Northern Ireland Authority for Utility Regulation to require that they be provided with information by the CfD counterparty or electricity suppliers; and for the CfD Counterparty to require information to be provided by those Authorities.