Contracts for Difference
Interim solution exempting electricity supplied to Licensed Generators or Storage Facilities from paying EMR levies and charges
On 22 November 2018, EMRS issued EMR Circular 170 on behalf of Low Carbon Contracts Company (LCCC) and Electricity Settlements Company (ESC), to inform Suppliers that the BSC Panel has approved LCCC’s proposed interim solution…
Read MoreSummer 2017 Baseload Market Reference Price published
The Baseload Market Reference Price (BMRP) for summer 2017, which covers April 2017 to September 2017, is 43.52 £/MWh. The BMRP is now available on the Settlement Data page of the EMRS website. EMRS calculates the BMRP on behalf of Low…
Read MoreUpdate to Government response on Contracts for Difference Supplier Obligation: Improving Efficiency and Transparency
On Thursday 2 February 2017,, BEIS published an update on technical amendments to the CFD Supplier Obligation (SO) which are designed to reduce costs to consumers through improving the efficiency and transparency of the scheme. The update outlines the remaining amendments that have…
Read MoreGovernment response to LCCC and ESC operational costs 2017/18: consultation on the operational cost levies
On Thursday 2 February 2017, BEIS published their response to feedback received from the consultation on the proposed 2017/18 operational costs and resulting levies for the Low Carbon Contracts Company and the Electricity Settlements Company (ESC). The operational costs…
Read MoreNew Guidance document published and updates to existing Working Practices
We have published a new Guidance document and made updates to a number of Working Practices. Who does this impact and what are the changes? Document Who this impacts? Changes G16 – Supplier Contracts for Difference Payments Suppliers NEW…
Read MoreInterim Levy Rate adjusted to zero from 14 November 2016
Low Carbon Contracts Company (LCCC) has adjusted the Interim Levy Rate to zero from £0.594 per MWh. This is effective from 14 November 2016 until 31 December 2016 (being the end of the current quarterly obligation period)…
Read MoreWinter 2016 Baseload Market Reference Price published
The Baseload Market Reference Price (BMRP) for winter 2016, which covers October 2016 to March 2017, is 43.67 £/MWh. BMRP is used to calculate CFD payments for baseload Generators. When the BMRP is below a pre-agreed £/MWh value (Strike Price), as…
Read MoreAdjusted Interim Levy Rate Notice issued to Suppliers
Low Carbon Contracts Company (LCCC) has adjusted the Interim Levy Rate from £1.016 to £0.594 per MWh, effective from 10 October 2016, for the remainder of the quarterly obligation period 1 October 2016 to 31 December 2016. Suppliers have been issued an…
Read MoreInterim Levy Rate and Total Reserve Amount for 1 January 2017 to 31 March 2017 Announced
EMRS has issued a notice to Suppliers, on behalf of Low Carbon Contracts Company (LCCC), to inform them that the Total Reserve Amount and the Interim Levy Rate for 1 January 2017 to 31 March 2017 is as follows: Total Reserve Amount –…
Read MoreReminder: Suppliers need to ensure their lodged CFD Credit Cover is sufficient for the new Interim Levy Rate
The Interim Levy Rate increases to £1.016 per MWh on the 1 October 2016. As Suppliers’ CFD Credit Cover requirements are linked to the Interim Levy Rate, Suppliers need to ensure they have sufficient Credit Cover lodged by 5pm on…
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