The Contracts for Difference (Electricity Supplier Obligations) (Amendment) (Coronavirus) Regulations 2020
These Regulations amend the Contracts for Difference (Electricity Supplier Obligations) Regulations 2014 (S.I. 2014/2014) (the “2014 Regulations”) which impose obligations on persons who supply electricity in Great Britain. CFD (Contracts for Difference) are contracts which the CFD counterparty, a person designated as such under section 7 of the Energy Act 2013, must enter into by virtue of section 10 or 14 of that Act. Under the terms of the CFD, the CFD counterparty must make payments to eligible generators who have secured a CFD (see the Contracts for Difference (Definition of Eligible Generator) Regulations 2014 (S.I 2014/2010) which define eligible generators). The payments made to such eligible generators are funded from payments made to the CFD counterparty by electricity suppliers under the 2014 Regulations.