Combined Heat and Power (CHP) Qualifying Multiplier: Difference between revisions
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[[Category:Legislation & Policy]][[Category:Economics]] | [[Category:Legislation & Policy]][[Category:Economics]] | ||
The CHPQM is used in the same way as the [[RQM]] to determine payments for applicable [[CFD]] generators. It aims to ensure that only generated output from low carbon sources which produce good quality CHP is provided with CFD payments<ref name="foo">[[LCCC]], 2019. | [[The Combined Heat and Power (CHP) Qualifying Multiplier]] ([[CHPQM]]) is used in the same way as the [[RQM]] to determine payments for applicable [[CFD]] generators. It aims to ensure that only generated output from low carbon sources which produce good quality CHP is provided with CFD payments<ref name="foo">[[LCCC]], 2019. [https://www.lowcarboncontracts.uk/sites/default/files/publications/Contracts%20for%20Difference%20-%20Generator%20Guide%20Feb%202019.pdf Contracts for Difference Generator Guide. Low Carbon Contracts Company.] London </ref>. | ||
In order to receive the maximum rate of support potentially available to them, generators with [[CHP]] facilities must demonstrate that they are producing good quality [[CHP]], as defined in a sector-wide quality assurance programme called the Combined Heat and Power Quality Assurance (CHPQA). | In order to receive the maximum rate of support potentially available to them, generators with [[CHP]] facilities must demonstrate that they are producing good quality [[CHP]], as defined in a sector-wide quality assurance programme called the Combined Heat and Power Quality Assurance (CHPQA). | ||
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==References== | ==References== | ||
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Latest revision as of 14:05, 22 March 2021
The Combined Heat and Power (CHP) Qualifying Multiplier (CHPQM) is used in the same way as the RQM to determine payments for applicable CFD generators. It aims to ensure that only generated output from low carbon sources which produce good quality CHP is provided with CFD payments[1].
In order to receive the maximum rate of support potentially available to them, generators with CHP facilities must demonstrate that they are producing good quality CHP, as defined in a sector-wide quality assurance programme called the Combined Heat and Power Quality Assurance (CHPQA). The CHPQM is used for this purpose on an ongoing basis and is recalculated annually as part of the CHPQA recertification process[1].