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The Department for Business, Energy and Industrial strategy (BEIS) is seeking views on the proposed 2022/23, 2023/24 and 2024/25 operational cost budgets and resulting levies for the Low Carbon Contracts Company (LCCC) and the Electricity Settlements Company (ESC). LCCC enters into and manages Contracts for Difference (including the Investment Contracts which have been transferred to...
If you have received Conditional Requalified status following Tier 1 Disputes you must lodge Credit Cover by 14 December 2021. WP35 - CM Applicant/Capacity Provider Credit Cover Process will supports Applicants and Capacity Providers in how to lodge Cash or Letter of Credit with EMRS. If you have any queries regarding how to lodge Credit Cover please do contact...
On 15 December 2021, LCCC issued a Stakeholder Bulletin to announce for the Quarterly Obligation Period 1 January 2022 to 31 March 2022 the Interim Levy Rate is adjusted to £0.000/MWh. From 1 January 2022, Suppliers will be required to maintain Credit Cover using the adjusted ILR of £0.000/MWh. Further information on the process on lodging or requesting excess Credit...
This is an opportunity to hear from LCCC’s Forecasting Team on the Interim Levy Rate and Total Reserve Amount forecast for Quarterly Obligation Period 1 April 2022 to 30 June 2022. Plus, an opportunity to raise questions with LCCC on the current and longer term forecast. To register for this webinar please complete this registration link. Further information on...
Suppliers received their revised monthly Capacity Market Credit Cover and Supplier Charge schedule for the 2021/22 Delivery Year. The revised schedule is based on the actual data for the Period of High Demand. This impacts Suppliers who had metered volumes during Period of High Demand in 2021/22 Delivery Year and Suppliers who submitted a demand...
On 15 December 2021, LCCC issued a Stakeholder Bulletin to announce for the Quarterly Obligation Period 1 April 2022 to 30 June 2022 the Interim Levy Rate is £0.000/MWh. From 1 April 2022, Suppliers will be required to maintain Credit Cover using the adjusted ILR of £0.000/MWh. Further information on the process on lodging or requesting excess Credit Cover is...
Suppliers are required, under the Electricity Capacity (Supplier Payment etc.) Regulations 2014, to provide a forecast of Gross Demand for the Period of High Demand, which is 4pm to 7pm on Working Days from November through to February for the 2022/23 Delivery Year. This forecast is used to calculate Suppliers’ monthly Capacity Market Supplier Charge...
The Low Carbon Contracts Company (LCCC) is required to determine the Total Reserve Amount (TRA) and Interim Levy Rate (ILR) for the Quarterly Obligation Period 1 October 2022 to 31 December 2022. 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...
On 28 March 2022, LCCC issued a Stakeholder Bulletin to announce for the Quarterly Obligation Period 1 July 2022 to 30 September 2022 the ILR is £0.000/MWh. From 1 July 2022, Suppliers will be required to maintain Credit Cover using the ILR of £0.000/MWh. Further information on the process on lodging or requesting excess Credit Cover...
This webinar is an opportunity to hear from LCCC’s Forecasting Team on the Interim Levy Rate and Total Reserve Amount forecast for Quarterly Obligation Period 1 October 2022 to 31 December 2022. Plus, an opportunity to raise questions with LCCC on the current and longer term forecast. To register for this webinar please complete this registration link. Further...
