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...
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LCCC to determine the Total Reserve Amount and Interim Levy Rate Q4 2022
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... |
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Interim Levy Rate (ILR) for 1 July 2022 to 30 September 2022
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... |
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