LCCC have announced an in period adjustment of the Interim Levy Rate for 1 April 2015 to 30 June 2015

Low Carbon Contracts Company (LCCC) have adjusted the Interim Levy Rate for the first quarterly obligation period 1 April 2015 to 30 June 2015 to a zero rate (£0.000/MWh). On behalf of the LCCC we’ve issued an in period adjustment notice to all Suppliers, detailing the Interim Levy Rate for the first quarterly obligation period.

We’ve also issued EMR Circular 34 to inform Suppliers of this information:

The circular also details:

  • How does this affect my Reserve Payment amount?
  • How does this affect my Credit Cover requirement?

This updates EMR Circular 27 we issued on Tuesday 23 December confirming we issued Reserve Payment and Interim Levy Rate notices to Suppliers for the first quarterly obligation period 1 April 2015 to 30 June 2015.