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On 8 November, Electricity Settlements Company (ESC) and EMRS hosted a webinar to explain the volume reallocation process detailed within WP48-Volume Reallocation. This session was aimed at both: Capacity Providers who were awarded a Capacity Agreement at Auction. Capacity Market Volume Reallocation (CMVR) Registered Participants who were not awarded a Capacity Agreement at Auction but have or intend to...
Within 15 Working Days (WDs) after Prequalification Results Day conditionally Prequalified Applicants must lodge Credit Cover. EMRC142 highlights the process for Applicants how to lodge Credit Cover. On 15 November 2017, EMR Delivery Body confirmed that due to delays Prequalification Results Day was 13 November 2017, the deadline for posting Credit Cover has changed, to...
Low Carbon Contracts Company (LCCC) and EMRS will be hosting the ‘Introduction to EMR arrangements’ event on Thursday 7 December 2017. This event will introduce new Suppliers to both Contracts for Difference (CFD) and the Capacity Market (CM). Suppliers who have recently entered the electricity market or individuals from existing Suppliers that are new to EMR...
On 10 November 2017, Department for Business, Energy & Industrial Strategy (BEIS) launched the consultation on the Low Carbon Contracts Company (LCCC) and the Electricity Settlements Company (ESC) operational costs 2018/19 to 2020/21. BEIS are seeking views on the proposed 2018/19 to 2020/21 operational cost budgets and resulting levies for the LCCC and the ESC....
EMR Delivery Body, Electricity Settlements Company (ESC) and EMR Settlement Limited (EMRS) are hosting a webinar on Wednesday 13 December 2017 from 11:00 to 12:00 to help Capacity Providers prepare to go through the required Metering processes prior to the start of Delivery Year. This session is aimed at: Applicants wishing to obtain a Capacity...
The Low Carbon Contract Company (LCCC) has determined the Total Reserve Amount and Interim Levy Rate for the quarterly obligation period 1 April 2018 to 30 June 2018 are as follows: Total Reserve Amount: £32,136,453.29 Interim Levy Rate: £3.820/MWh On behalf of the LCCC Suppliers are notified in accordance with the Contracts for Difference (Electricity...
Suppliers have until the 31 December 2017 to apply for a determination that an amount of electricity supplied is Green Excluded Electricity (GEE) for the quarterly obligation period 1 April 2017 to 30 June 2017. Suppliers seeking a determination that an amount of electricity supplied is GEE must be in accordance with the Contracts for Difference (Electricity Supplier Obligations) Regulations 2014. Suppliers...
The Low Carbon Contracts Company (LCCC) had previously adjusted the ILR to £2.856/MWh for the Quarterly Obligation Period 1 January 2018 to 31 March 2018. Suppliers should ensure their lodged Credit Cover is still sufficient. WP42 – Supplier CFD Credit Cover and G5 – Supplier CFD Credit Cover provides details on how to lodge Credit...
On Wednesday 17 January, LCCC Forecasting team will be hosting a webinar on the Supplier Obligation Levy Rate and Total Reserve Amount determined for the Quarterly Obligation Period 1 April 2018 to 30 June 2018. This will include the background and assumptions applied and provide a 15 month forecast. To register for this webinar please...
Low Carbon Contracts Company (LCCC) has adjusted the Interim Levy Rate (ILR) to £2.333/MWh from £2.856/MWh. This is effective from 23 February 2018 until 31 March 2018, the end of the current quarterly obligation period. On behalf of LCCC, we have issued an Adjusted Interim Levy Rate Notice to Suppliers. EMRC150 provides information on why...
