Interim 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). On behalf of LCCC, we’ve issued an Adjusted Interim Levy Rate Notice to Suppliers.

This follows a previous Interim Levy Rate adjustment on 10 October 2016 that reduced the rate from £1.016 per MWh to £0.594 per MWh.

For information on why the rate has been reduced further, how this affects Interim Rate payments and Credit Cover requirements, please see EMRC106.