On 12 May 2022, LCCC issued a Stakeholder Bulletin to announce it has determined an additional Total Reserve Amount (TRA) of £50,000,000.00 for the current Quarterly Obligation Period ending on 30 June 2022.
Notices will be issued to Suppliers to confirm the above and invoices will be issued on 7 June 2022 to active Suppliers confirming their reserve payments and the payment date will be 14 June 2022.
G3 – CfD Reserve Payment provides information on how Suppliers reserve payments are calculated. The Key Payment Figures 2022/23 reflect these changes and this is available on the Settlement Data for Suppliers webpage.
LCCC have made the decision for an additional Total Reserve Amount due to the extraordinary market circumstances arising from the Russian invasion of Ukraine, LCCC has set the additional TRA to a level based on the analysis of different scenarios that may develop.
In making this determination, LCCC notes the high volatility of power market prices, including the recent sharp market price drop, and considers that there is a risk that the original TRA will be insufficient to cover the quarter’s CfD costs. Market prices for this calculation were taken as closing mid-prices on the 9 May 2022.
Who do I contact if I have a query?
|EMRS||Reserve Payment, Total Reserve Amount & Interim Levy Rate Notice, Quarterly Supplier Reconciliation Invoice, and Credit Cover||020 7380 4333||[email protected]|
|LCCC||General queries about LCCC or the management of the CfD scheme, including calculation of the Total Reserve Amount and Interim Levy Rate||020 7211 8881||[email protected]|