Press Releases / Announcements

Dec 22, 2015Archived

Supplier Obligation Interim Levy Rate and Total Reserve Amount – 1 April 2016 – 30 June 2016

We can now confirm that the Interim Levy Rate for the Fifth Quarterly Obligation Period, to run from 1 April 2016 to 30 June 2016, will be set at £0.00/MWh and the Total Reserve Amount at £0.00

In arriving at its decision on the Interim Levy Rate and Total Reserve Amount, LCCC has considered the potential for CFD payments to be required to be made to CFD Generators under the existing CFDs and Investment Contracts.

Adjusted Interim Levy Rate
Low Carbon Contracts Company (LCCC) have adjusted the Interim Levy Rate to zero (£0.000 per MWh), effective from 21 January 2016, for the quarterly obligation period 1 January 2016 to 31 March 2016.  LCCC has taken this action because it now believes it is highly unlikely that there will be any CFD generation to pay by 31 March 2016. EMR Settlement (EMRS) will be issuing a notice and circular on behalf of LCCC further detailing this adjustment and the Interim Levy Rate and Total Reserve Amount.

Sep 30, 2015Archived

We can confirm the Interim Levy Rate for the Fourth Quarterly Obligation Period, to run from 1 January 2016 to 31 March 2016.

The Interim Levy Rate for the Fourth Quarterly Obligation Period, to run from 1 January 2016 to 31 March 2016, will be set at £0.348/MWh and the Total Reserve Amount at £8,861,112,35.

  In arriving at its decision on the Interim Levy Rate and Total Reserve Amount, LCCC has considered the potential amount of CFD payments likely to be required to be made to CFD Generators under the existing CFDs and Investment Contracts (including the two Investment Contracts currently subject to and awaiting state aid approval).   LCCC notes the uncertainty relating to the timing of the state aid approval.

 

Jun 30, 2015Archived

Interim Levy Rate and Total Reserve Amount set to zero for Third Quarter Levy Period

In March 2015 LCCC announced its determination of the Interim Levy Rate (IR) and Total Reserve Amount (TRA) for the quarter running from 1 July 2015 to 30 September 2015. Both rates were set to zero for Suppliers based upon information which indicated that there would be no CFD payments due in respect of that period.

We can now confirm that both these rates for the Third Quarter Levy Period, to run from 1 October 2015 to 31 December 2015 inclusive, will also be set to zero. In arriving at its decision on the Interim Levy Rate and Total Reserve Amount, LCCC has considered the likelihood of any CFD payments needing to be made to any of the CFD Generators from either the first allocation round or for any of the Investment Contracts.