EMR may rescue UK renewable PPA market

EMR could buoy PPA market, firms say

The ailing UK market for power purchase agreements (PPAs), a vital instrument for renewables projects that rely on bank finance, is set to undergo a big shake-up when a market in contracts-for-difference (CFDs) kicks in next year, say market experts.

Alongside the introduction of a capacity market, a carbon floor price and emissions limits for new generation facilities, the CFD market is one of several key planks of the government’s Electricity Market Reform (EMR). The first applications for CFD