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LCCC to determine the Interim Levy Rate and Total Reserve Amount

Home > Events > LCCC to determine the Interim Levy Rate and Total Reserve Amount

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30 September 2016

  • « Suppliers’ first deadline to lodge CM Credit Cover for October 2016
  • Suppliers must lodge valid CFD Credit Cover (minimum requirements based on Interim Levy Rate for Quarterly Obligation Period October to December 2016 of £1.016/MWh) prior to the first day of October to December 2016 Quarterly Obligation Period. »

The Low Carbon Contracts Company (LCCC) is required to determine the Total Reserve Amount and Interim Levy Rate for the quarterly obligation period 1 January 2017 to 31 March 2017.

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.

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Details

Date:
30 September 2016
Event Category:
Event
  • « Suppliers’ first deadline to lodge CM Credit Cover for October 2016
  • Suppliers must lodge valid CFD Credit Cover (minimum requirements based on Interim Levy Rate for Quarterly Obligation Period October to December 2016 of £1.016/MWh) prior to the first day of October to December 2016 Quarterly Obligation Period. »
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