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.
We have just published LCCC and ESC's Electricity Supplier Bulletin and you can view it here.
We have today published ESC's new Electricity Supplier and Capacity Market Bulletin.
Download the bulletin here.
We have today published LCCC's Generator Guide to help applicants through the Contracts for Difference (CfD) Allocation Round 3 (AR3) process.
Dowload the Generator Guide here.
Low Carbon Contracts Company (LCCC) is delighted to announce that Banks Renewables’ Middle Muir and EDF Renewables’ Dorenell onshore wind farms, have recently passed all the CfD Operational Conditions Precedent (OCPs). Both generators have started to receive Contracts for Difference payments. Generation eligible for CfD payments commenced on 9 January 2019 for Middle Muir and on 20 December 2018 for Dorenell. Read the full announcement here.
On Monday 21 January LCCC's Forecasting team held a webinar on the Interim Levy Rate and Total Reserve Amount for Quarter 2 2019 (1 April-30 June 2019). The session was recorded and is now available to watch here.
Low Carbon Contracts Company (LCCC) is delighted to announce that a further three Contracts for Difference (CFD) projects have passed their first milestone. This follows our earlier announcement on 15 October that 95% of Allocation Round 2 capacity had passed the Milestone Requirement. Read the full announcement here.
ESC has today published its Annual Performance Report for 2018, which can be found here. As the appointed Settlement Body for the Capacity Market, the Electricity Settlements Company (“ESC”) must, in accordance with regulations, produce an annual report on the performance of its functions in respect of each capacity year. The annual report covers the period 1 October 2017 to 30 September 2018.
On behalf of the Electricity Settlements Company, EMRS has today issued circular 173 to make Suppliers aware that following publication of a consultation on 19 December 2018 by BEIS (consultation on Technical Changes to the Capacity Market), a Modification ‘P378’ to the Balancing and Settlement Code (BSC) was raised on 20 December 2018. Full details and next steps can be found on the P378 page and the associated documentation on that page.
In light of the consultation published by BEIS today on Technical Amendments to the Capacity Market, ESC is willing to continue to hold suppliers’ paid October and November CM Supplier Charges, pending the outcome of the consultation, which envisages potential for ESC to continue to collect the charges during the standstill period. However, if a supplier wishes to receive a refund in the meantime, bearing in mind that BEIS is consulting on whether collections can and should resume in the New Year, we have published a process for this set out in EMR Circular 171.