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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 October 2024 to 31 December 2024. Once confirmed, we will 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...
Suppliers are required to maintain their Credit Cover requirement using the Interim Levy Rate applicable for the Quarterly Obligation Period. The Interim Levy Rate of £11.816/MWh is effective from 1 July 2024 to 30 September 2024. If a Supplier is required to lodge additional Credit Cover, please ensure you have sufficient Credit Cover lodged by 5:00pm on 28 June 2024. We...
On 18 March 2024, LCCC issued a Bulletin to confirm for the Quarterly Obligation Period 1 July 2024 to 30 September 2024 the ILR is £11.816/MWh. From 1 July 2024, Suppliers will be required to maintain Credit Cover using the ILR of £11.816/MWh. Further information on the process on lodging or requesting excess Credit Cover is available...
You're invited to a Prequalification Launch event hosted by DB on Tuesday 23 July 2024. Click here to register. DB will provide an overview of the upcoming Auction and facilitate an engaging discussion with key stakeholders. We will be in attendance and presenting on Applicant Credit Cover, also highlighting the changes to My EMRS to support...
LCCC’s Forecasting Team are hosting a webinar on the Interim Levy Rate and Total Reserve Amount forecast for Q4 2024. Also, they will cover the outcome from how the Q2 2024 performed against the forecast. To secure your spot at this webinar, please do register here. If you have any suggestions or feedback on what...
We are very excited to announce that the additional functionality to support the ‘Process Transfer from Delivery Body to Settlement Body for Metering Activities’ has been successfully deployed to My EMRS as of today, Monday 29 July 2024. This change simplifies prequalification processes by moving Metering Activities to occur after prequalification for Applicants or/and Capacity Providers....
Under the Capacity Market Rules, Capacity Providers are required to provide a baseline demand (in MW) for all Demand Side Response (DSR) CMU Components starting six weeks prior to the start of the next Delivery Year. During a System Stress Event, this baseline can be compared with the actual demand to determine the volume of capacity...
We are pleased to invite you to an online panel event hosted by the Low Carbon Contracts Company (LCCC). Join them on Thursday 22nd August, from 2 PM to 3 PM, for an in-depth exploration of the latest annual Investor Analysis on the Contracts for Difference (CfD) scheme - a cornerstone in de-risking investments and...
Capacity Providers are invited to a webinar on the new Metering functionality that will be available in My EMRS from 29 July 2024 to accommodate changes under CP373. This session will provide Capacity Providers with valuable insights and practical knowledge on the Metering processes in My EMRS, this will include Metering Assessment, Metering Test, Metering Test Certificate, Metering Aggregation and Demand...
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 2025 to 31 March 2025. Once confirmed, we will 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...
