The Department for Energy Security and Net Zero (DESNZ) has announced that the Low Carbon Contracts Company (LCCC) will take on the management of new hydrogen production contracts. The business model for hydrogen contracts is similar to the Contracts for Difference (CfD) scheme, where the subsidy is the difference between a strike price (reflecting the cost of producing hydrogen) and a reference price (reflecting the market value of hydrogen).
CfD contract administrator wins similar role on hydrogen scheme
