Under Germany’s new CHP Act, surcharge payments for electricity from new or modernized CHP plants are determined on a competitive basis. 100 MW were offered in the first call for tenders that ended on December 1st, 2017. The BNetzA is satisfied with the results of the tender and highlights a “pleasingly high level of competition”. Indeed, the call was oversubscribed with 20 bids for 225 MW. Seven bids were awarded for a capacity of 82 MW. The remaining capacity will be auctioned in the next round which is planned for June 2018. The bids ranged from 3.19 ct/kWh to 4.99 ct/kWh, with a volume-weighted average of 4.05 ct/kWh.