The Low Carbon Contracts Company (LCCC) is required to determine the Total Reserve Amount and Interim Levy Rate for the Quarterly Obligation Period 1 October 2019 to 31 December 2019.
Once confirmed, on behalf of the LCCC we’ll notify 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. You can view the Transparency Tool on the LCCC website.