LCCC and ESC will be holding an event for Suppliers in Central London on 10 May 2017.
The event will run from 0900 and will conclude mid-afternoon, including an opportunity for lunch and networking. Presentations will be delivered on the both Contracts for Difference (CFD) and Capacity Market schemes.
If you are a Supplier you are invited to RSVP to indicate your interest in attending by Wednesday 26 April by emailing info@lowcarboncontracts.uk.
On Thursday 1 December 2016, the CFD Allocation Round 2 was officially launched, to a capacity crowd at the Amba Hotel in Charing Cross. The day was co-hosted by LCCC, National Grid and BEIS and included a range of presentations providing an overview of the CFD scheme.
Following the success of the event, LCCC are pleased to share the materials from the day.
Please follow the links for the presentations made by LCCC, National Grid and BEIS as well as an updated version of the CFD Round 2 Implementation Plan.
Please note the CFD Implementation Plan Version 2 (dated 5 December) contains edits to two of the milestones in the 30 November version:
Item 18 - Date has changed from 16 May 2017 to 15 May 2017;
Item 26, 4th column - Date has changed from 5 May 2017 to 25 May 2017
For further information and any queries on the CFD, please email us at cfdpreperations@lowcarboncontracts.uk
Today the department for Business, Energy and Industrial Strategy (BEIS) has published its plans for the Second CFD Allocation Round which will award new low carbon contracts to successful generators. The Low Carbon Contracts Company (LCCC) has accordingly published a CFD Booklet aimed at providing an overview of the scheme for applicants, in collaboration with our key delivery partner National Grid. We have also updated our guidance on Minor & Necessary Modifications to assist generators preparing for the Round and will be holding a joint launch event with BEIS and delivery partners on 1 December 2016.
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. To view please follow this link.
Low Carbon Contracts Company has updated the Supplier FAQs Page to explain the recent in-period adjustment to the Interim Levy Rate. Please follow this link to view.
The Low Carbon Contracts Company's Forecasting team recently hosted a webinar to discuss the Supplier Obligation, the Q1 Supplier Obligation Levy Rate, Background and Assumptions, and the 15 Month Forecast. To view a recording of the webinar, please follow this link.
The Intermittent Market Reference Price is calculated by EMRS, on behalf of the Low Carbon Contracts Company, in its capacity as the Settlement Agent. The latest IMRP can be found here.
The Intermittent Market Reference Price is calculated by EMRS, on behalf of the Low Carbon Contracts Company, in its capacity as the Settlement Agent. The latest IMRP can be found here.
Low Carbon Contracts Company (“LCCC”) is pleased to announce that it has been instructed by its shareholder, Secretary of State for Business, Energy and Industrial Strategy to enter into a Contract for Difference (“CFD”) with NNB Generation Company (HPC) Limited (NNB) for Hinkley Point C (“HPC"). Please find links to the HPC CFD and Secretary of State Investor Agreement (SoSIA). The full press release can be found here.
The Intermittent Market Reference Price is calculated by EMRS, on behalf of the Low Carbon Contracts Company, in its capacity as the Settlement Agent. The latest IMRP can be found here.