Electricity Market Reform and Renewables Conference - Regensw

Electricity Market Reform and Renewables Conference 11 June 2014; Burges Salmon, 1 Glass Wharf, Bristol BS2 0ZX The introduction of Electricity Market Reform and Contracts for Difference (CfD) is a complete transformation of the way renewable energy is supported. This event will examine the details of how CfDs will work and hear from industry experts on market impacts. There will be opportunities for attendees to discuss the implications of the proposals for their projects. AGENDA 9.00

Registration and coffee

9.30

Welcome and introduction Merlin Hyman, chief executive, Regen SW

10.00 Context: Electricity Market Reform and the Levy Control Framework  Key elements of EMR  Budget allocation and constraints  New State Aid rules DECC Discussion and Q&A 11.10 Refreshment break 11.30 How to get a CfD  Allocation process and auctioning  Less established technologies  Transition from the RO DECC Gareth Miller, Cornwall Energy Johnny Gowdy, Regen SW Discussion and Q&A 13.00 Lunch 14.00 Route to Market  Cash flows for CfD and ROC projects.

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Payment profile via the FIT CFD counterparty under different power price scenarios Key terms and conditions applicable to the PPA and back stop PPA. Power price developments

Lars Weber and Chris Smith, Neas Energy Ltd Digby Summerhill, Lightsource Renewable Energy Ltd Discussion and Q&A 15.30 Implications and Risks of CfD and PPA Contract Terms  Key milestones  Risks and liabilities  How to mitigate risks Ross Fairley, Burges Salmon Discussion and Q&A 16.15 Networking, drinks and canapés 17.00 Close