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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 2020 to 31 March 2020. 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...
The Low Carbon Contracts Company (LCCC) is required to determine the Total Reserve Amount and Interim Levy Rate for the Quarterly Obligation Period 1 April 2020 to 30 June 2020. 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...
The Low Carbon Contracts Company (LCCC) determined the Total Reserve Amount and Interim Levy Rate for the Quarterly Obligation Period 1 July 2020 to September 2020 are as follows: Total Reserve Amount is £77,016,653.44 Interim Levy Rate is £8.532/MWh EMRS have notified Suppliers in accordance with the Contracts for Difference (Electricity Supplier Obligations) Regulations 2014 (the “Supplier Obligation Regulations”) of...
The Low Carbon Contracts Company (LCCC) determined the Interim Levy Rate (ILR) as £7.469/MWh for this Quarterly Obligation Period 1 April 2020 to 30 June 2020. 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 Cover and how...
LCCC Forecasting team will be hosting a webinar on the ILR and TRA determined for the Quarterly Obligation Period 1 July 2020 to 30 September 2020. This will include the background and assumptions applied and provide a 15 month forecast. To register for this webinar please complete this registration link. Further details can be found by reviewing...
On Friday 24 April 2020, BEIS communicated about amendments they are considering introducing with respect to the GB Capacity Market (CM) in recognition of the potential impact of the COVID-19 pandemic on Capacity Providers. They have published a consultation: https://www.gov.uk/government/consultations/capacity-market-proposal-to-relax-the-rules-temporarily-in-response-to-covid-19. If you wish to provide comments on these proposals, please submit your response to this...
EMRS has successfully implemented the new Metered Data Report on the EMRS Portal for Capacity Providers. The new Metered Data Report contains the metered volumes provided to EMRS for each settlement date in the Delivery Year. Capacity Providers will be able to confirm if their data flows have been received and have visibility of the...
The Department for Business, Energy and Industrial Strategy (BEIS) have published a consultation on the proposed changes to the Electricity Supplier Obligation Regulations in response to COVID-19. This consultation covers the proposed changes to the Regulations to reflect how the one-off, interest-free loan to be provided by BEIS to LCCC would work in practice in...
Suppliers are required, under the Electricity Capacity (Supplier Payment etc.) Regulations 2014, to provide a forecast of their Gross Demand for the Period of High Demand (Peak Period) for the 2020/21 Delivery Year, by 1 June 2020. This forecast is used to calculate Suppliers’ monthly Capacity Market Supplier Charge and monthly Credit Cover requirements. Further...
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 2020 to 31 December 2020. 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...
