The Low Carbon Contracts Company (LCCC) has determined the Total Reserve Amount and Interim Levy Rate for the Quarterly Obligation Period 1 July 2018 to 30 September 2018 are as follows:
- Total Reserve Amount: £31,981,875.00
- Interim Levy Rate: £3.422/MWh
On behalf of the LCCC, we’ve notified Suppliers in accordance with the Contracts for Difference (Electricity Supplier Obligations) Regulations 2014 (the “Supplier Obligation Regulations”) of the Supplier’s Reserve Payment Amount and the Interim Levy Rate.
The Transparency Tool illustrates the calculations performed by the Supplier Obligation Forecasting Model (SOFM) to determine the Interim Levy Rate and Total Reserve Amount. It provides calculations for the Quarterly Obligation Periods for which the LCCC have determined a non-zero Interim Levy Rate, a 15 month forecast and a Daily Reconciled Levy Rates.