Contracts for Difference

Contracts for Difference definition

/ˈkɒntrakt/ /for/ /ˈdɪf(ə)r(ə)ns/

What does Contracts for Difference mean?

The Contracts for Difference (CfD) scheme is the primary mechanism for supporting low-carbon electricity generation in the UK, via a private law contract between a low carbon electricity generator and the Low Carbon Contracts Company (LCCC), which provides long term revenue stabilisation for low carbon generation.

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