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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 2017 to 31 December 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 Reserve Payment...
Suppliers they have until the 30 June 2017 to apply for a determination that an amount of electricity supplied is Green Excluded Electricity (GEE) for the quarterly obligation period 1 October 2016 to 31 December 2016. Suppliers seeking a determination that an amount of electricity supplied is GEE must be in accordance with the Contracts for...
The Low Carbon Contracts Company (LCCC) had previously determined the ILR for the quarterly obligation period 1 July 2017 to 30 September 2017 of £1.553/MWh. Suppliers should ensure their lodged Credit Cover is still sufficient. Further details are available in WP42 - Supplier CFD Credit Cover and G5 - Supplier CFD Credit Cover which are available on...
From the 1 July 2017, the Electricity Supplier Payments (Amendment) Regulation 2017 brings in changes to the CFD Supplier Obligation. EMRC125 was issued to highlight these changes: the payment terms for the Quarterly Supplier Reconciliation Invoice reduce from 90 calendar days to five working days (WDs); LCCC can reduce the Total Reserve Amount (TRA) under certain conditions if it...
The Low Carbon Contract Company (LCCC) Forecasting team have published the slides that were to be presented which covered the Supplier Obligation, the Supplier Obligation Levy Rate for the 1 October 2017 to 31 December 2017, background and assumptions, and the 15 month forecast. Further details can be found by reviewing the Transparency Tool which illustrates the calculations performed to set the...
