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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: 4pm to 7pm on Working Days from November through to February for the 2024/25 Delivery Year. This forecast is used to calculate Suppliers’ monthly Capacity Market Supplier Charge and monthly Credit...
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...
