The government has proposed using a dual Contracts for Difference (CfD) mechanism with separate strike prices for electricity generation and negative emissions to spur the development of bioenergy with carbon capture and storage (BECCS) power stations. The Department for Business, Energy and Industrial Strategy said this would be "familiar and effective", offering stable revenues to investors whilst also providing paybacks to consumers when power or carbon prices are high.
Government proposes dual CfD mechanism for BECCS
