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...
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LCCC to determine the Total Reserve Amount (TRA) and Interim Levy Rate (ILR) – 1 October 2020 to 31 December 2020
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... |
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The Low Carbon Contracts Company (LCCC) determined the Interim Levy Rate (ILR) as £8.532/MWh for this Quarterly Obligation Period 1 July 2020 to 30 September 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 your Credit Cover is calculated. EMRC205 provides the key dates for this Quarterly Obligation Period 1 July 2020 to 30 September 2020. |
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