Press Releases / Announcements

Apr 30, 2020

Low Carbon Contracts Company are pleased to announce that the Offshore wind projects achieved CfD milestones has been published today 30 April 2020.

Mar 11, 2016Archived

Low Carbon Contracts Company are delighted to announce that a number of the Contracts for Difference have passed their Milestone Requirement, ahead of their Milestone Delivery Date.  This announcement follows on from the previous notice that four of the CFD projects had already fulfilled their Milestone Requirement. The full press release can be found here.

 

Feb 17, 2016Archived

Low Carbon Contracts Company is delighted to announce that a number of the Contracts for Difference have passed their Milestone Requirement ahead of their required dates. This includes Achlachan Wind Farm, Enviroparks Hirwaun Generation Site, Common Barn Wind Farm and Moor House Wind Farm. For the full release, please see here

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.

 

May 20, 2015Archived

The Low Carbon Contracts Company (LCCC) can confirm that Dudgeon Offshore Wind Limited successfully has passed a significant contractual milestone. The milestone requires substantial commitment to investment in the project and is a necessary requirement to ensure it can deliver low carbon electricity for the UK.

For a copy of the release, please see here

May 15, 2015Archived

Low Carbon Contracts Company congratulates DONG Energy on reaching a key milestone. Please see the DONG Energy release: Burbo Bank Extension Offshore Wind Farm on track as it meets key milestone