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LCCC determined that the Interim Levy Rate should be £0.005/MWh for Quarterly Obligation Period 1 July to 30 September 2016. The new rate applies from the first working day (1 July 2016) of the obligation period. The first Interim Rate payment invoiced to Suppliers (with new Interim Levy Rate) will be on 12 July 2016. For...
The Total Reserve Amount for Quarterly obligation Period 1 July to 30 September 2016 is £135,457.37. Suppliers will also be required to make a Reserve Payment which is apportioned in line with their market share of electricity supplied during the reference period of 24 January to 23 February 2016. The Reserve Payment is due on...
For more information please see EMR circular 89.
On 7 September 2016 at 12:00 EMRS is hosting an hour-long webinar to help Suppliers in their preparation for the start of the first Capacity Market Delivery Year in October 2016. With the start of the Capacity Market Delivery Year, Suppliers will have to be prepared to meet new requirements. These include lodging Credit Cover and...
Suppliers recieved a schdule of their minimium Credit Cover requirements for the upcoming Delivery Year on 29 July. Suppliers’ first deadline to lodge CM Credit Cover for October 2016 is 5pm on 15 September 2016. Credit Cover can be accepted as either cash or Letter of Credit or a combination of the two. Please note, in...
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...
The Interim Levy Rate for Quarterly Obligation Period October to December 2016 is £1.016/MWh . Credit Cover for the Obligation period will be based on this Interim Levy Rate. Suppliers need to lodge valid Credit Cover prior to the first working day of the Quarterly Obligation Period. Please see guidance document 5 (G5 -Supplier CFD...
