The first phase of Orsted’s Hornsea One, a Contract for Difference (CfD) project, has passed the tests required for its Operational Conditions Precedent (OCP). This phase of the project achieved a confirmed start date of 2 May and is now receiving CfD payments. Read the full announcement here.
Press Releases / Announcements
Read the full announcement in the Allocation Round 3 Resource Portal.
ESC has published today the Capacity Market Stress Event Guide, which incorporates feedback from suppliers following the consultation in March 2019.
Low Carbon Contracts Company (LCCC) is delighted to announce that four onshore wind farms, Achlachan, Bad a Cheo, Kype Muir and Mynydd Y Gwair have recently passed all the Contracts for Difference (CfD) Operational Conditions Precedent (OCPs). An offshore wind farm, Beatrice, has also completed the OCP requirements for its second phase. Read the full announcement here.
LCCC’s Forecasting team held today 1 May 2019, a teleconference on the Interim Levy Rate (ILR) and Total Reserve Amount (TRA) for Q3 2019 (01 July 2019 to 30 Sept 2019). A recording of the session is available to watch here
LCCC has published today updated Guidance on applications for Minor and Necessary Modifications to the CfD, reflecting minor changes to the administrative process. You can view and download the document here.
The Electricity Settlements Company (ESC) would like to inform Suppliers that the Electricity Capacity (No.1) Regulations 2019, laid in Parliament on 28 February 2019, were made on 9 April 2019 and came into force on 10 April 2019. Suppliers can now choose to make voluntary payments to ESC via the Voluntary Supplier Arrangement in accordance with the new Regulations and as detailed in EMRS Circular EMRC178, Working Practice WP199 and the ESC Terms and Conditions. ESC has also published Frequently Asked Questions on the new Voluntary Supplier Arrangement.
ESC has published the Frequently Asked Questions on the new Voluntary Supplier Arrangement. You can view them here.
LCCC is launching a new training course aimed at introducing developers of low carbon generation to the CFD scheme and LCCC (the CFD Counterparty). To find out more and to register please click here.
The Baseload Market Reference Price (BMRP) is calculated on a seasonal basis pursuant to condition 15 of the Contract for Difference Standard Terms and Conditions. Baseload prices are calculated using a traded volume weighted average based on forward season data received from LEBA. The BMRP is published in April and October of each year. You can view it here.