On 29 March 2021, LCCC announced it has determined the ILR is £9.954/MWh for this Quarterly Obligation Period 1 April 2021 to 30 June 2021.
Suppliers need to ensure they have sufficient Credit Cover lodged by 5pm on 31 March 2021 to meet the increase in the Interim Levy Rate. The relevant reference period is 3 March 2021 to 23 March 2021 that will be used to calculate your Credit Cover amount for the 1 April 2021. WP42 – Supplier CfD Credit Cover and G5 – Supplier CfD Credit Cover provides details on how to lodge Credit Cover and how your Credit Cover is calculated.
Further details and key dates are available in the ‘LCCC adjust the Total Reserve Amount and Interim Levy Rate for 1 April 2021 to 30 June 2021’ news item.