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Following Prequalification Results Day on 12 November 2024, those Conditionally Prequalified Applicants are required to provide Credit Cover within 15 Working Days (WDs) after Prequalification Results Day; this deadline is 3 December 2024. Our Working Practice, WP35 – Applicant Credit Cover will provide you with the templates for Letter of Credit and also the bank account...
The Low Carbon Contracts Company (LCCC) is required to determine the Total Reserve Amount and Interim Levy Rate for the Quarterly Obligation Period 1 April 2025 to 30 June 2025. 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 £7.608/MWh is effective from 1 January 2025 to 31 March 2025. If a Supplier is required to lodge additional Credit Cover, please ensure you have sufficient Credit Cover lodged by 5:00pm on 31 December 2024. We...
Following Tier 1 Disputes Results Day on 10 December 2024, those Conditionally Prequalified Applicants are required to provide Credit Cover within 15 Working Days (WDs) after Tier 1 Disputes Results Day; this deadline is 3 January 2025. Our Working Practice, WP35 – Applicant Credit Cover will provide you with the templates for Letter of Credit and...
