The Low Carbon Contracts Company (LCCC) is required to determine the Total Reserve Amount and Interim Levy Rate for the Quarterly Obligation Period 1 Janaury 2024 to 31 March 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...
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2 events,Suppliers must make Interim Rate payments and provide Credit Cover if they supply electricity within the Quarterly Obligation Period. Suppliers are required to maintain their Credit Cover requirement using the Interim Levy Rate applicable for the Quarterly Obligation Period. If a Supplier is required to lodge additional Credit Cover, please ensure you have sufficient Credit Cover lodged by 5:00pm on 29 September 2023. We have... |
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Interim Levy Rate for 1 October 2023 to 31 December 2023
On 16 December 2022, LCCC issued a Stakeholder Bulletin to announce for the Quarterly Obligation Period 1 October 2023 to 31 December 2023 that the Interim Levy Rate is £5.798/MWh. Suppliers will be required to maintain Credit Cover using the Interim Levy Rate of £5.798/MWh for this Quarterly Obligation. Further information on the process on lodging Credit Cover is available... |
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Together with National Grid Delivery Body and ESC, EMRS are hosting a webinar to support Capacity Providers with their preparations for the winter period. The webinar will cover the following topics: Notification channels for a System Stress Event and the triggers for a Capacity Market Notice Capacity Providers Obligations if a System Stress has occurred... |
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LCCC’s Forecasting Team are hosting a webinar on the Interim Levy Rate and Total Reserve Amount for Q1 2024. They will also look back at the outcomes in Q3 2023, as well as provide an overview of the generation volume and advanced forecast. You can reserve a spot here. If you have any questions regarding this... |
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