Market arrangements that incentivise investment in renewable technologies and infrastructure
Energy markets
About energy markets
The UK's market arrangements have been key to the large-scale deployment of renewable energy technology to this point. Investors are confident in the UK's arrangements and commitment to the continued delivery of new renewable technologies and infrastructure.
The Contracts for Difference (CfD) scheme
The Contracts for Difference (CfD) scheme is the UK’s flagship revenue support mechanism for renewable energy projects, widely copied around the world. It’s been successful in de-risking investment into renewable technologies, helping to bring costs down and speed up the deployment of these technologies. Continued deployment of renewables delivers socio-economic benefits to the UK, reduces consumer bills and is vital to our decarbonisation ambitions.
But the UK is at a critical stage in the transition to net zero. Changes are needed to design a market that reflects a renewables-dominated system. Reforms to the wholesale electricity market, CfD and secondary markets such as the are needed to support this transition. We’re here to help our members make this happen.
Our work in energy markets
We’ll keep working on improvements to current market arrangements to enable faster renewable power deployment that’s fit for a renewables-dominated system.
- News
- Publications
- Blog
- Working groups
RenewableUK runs the following working group related to energy markets with its members.
Market Design working group
Investigate improvements to current market arrangements to enable renewable power deployment at an accelerated pace. Continuing engagement throughout the REMA process to achieve the optimal outcomes for the sector and prevent a revolutionary outcome that is disruptive for markets and damaging for investor confidence.