Tag: Interim Levy Rate

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…

Date of post: 11.11.16

Adjusted 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 Adjusted Interim Levy Rate Notice. For more information about how the rate change affects Interim Rate Payments and Reserve Payment please see …

Date of post: 10.10.16

Interim 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 – £3,507,747.19 Interim Levy Rate – £0.956/MWh For further information on how this affects Supplier Credit Cover requirements and key dates and activities…

Date of post: 23.09.16

Reminder: 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 30 September 2016 to meet the new rate. Please note the process for lodging a Letter of Credit has been amended…

Date of post: 9.09.16

LCCC has determined the Total Reserve Amount and the Interim Levy Rate for the Quarterly Obligation Period 1 October to 31 December 2016

Low Carbon Contracts Company (LCCC) has determined the Total Reserve Amount and the Interim Levy Rate for the Quarterly Obligation Period 1 October 2016 to 31 December 2016 as follows: Total Reserve Amount £4,667,196.15 Interim Levy Rate £1.016/MWh EMRC89 also provides information on how this affects Supplier payments and Credit Cover requirements as well as the key dates and…

Date of post: 28.06.16

LCCC has determined the Interim Levy Rate and Total Reserve Amount ( July 2016 to 30 September 2016)

We issued EMRC 78 to inform Suppliers that the Low Carbon Contracts Company (LCCC) has determined the Interim Levy Rate and Total Reserve Amount for the Quarterly Obligation Period from 1 July 2016 to 30 September 2016. Total Reserve Amount is £135,457.37. Interim Levy Rate…

Date of post: 1.04.16