We’ve informed Suppliers that the Quarterly Reconciliation for the quarterly obligation period 1 October 2015 to 31 December 2015 was performed on, Tuesday 12 January 2016. No invoices or backing data have been issued or will be issued, except for one Supplier.
At the end of June 2015, we notified Suppliers that the Low Carbon Contracts Company (LCCC) determined that both the interim levy rate and Total Reserve Amount for the quarterly obligation period 1 October 2015 to 31 December 2015 will be zero. As a result, Supplier payments for this quarterly obligation period will be zero for both the interim rate payment and reserve payment.
Performing the Quarterly Reconciliation adjusted Suppliers volumes and re-apportioned the late payment interest which was allocated across all Suppliers in a previous quarterly obligation period. This only impacted one Supplier.
We’ve emailed Suppliers Primary Company email, Finance Authorities and Finance Contacts as per your current registration details.