Press Releases / Announcements

Aug 08, 2016Archived

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.

Aug 05, 2016Archived

One of our critical roles is the management of the Supplier Obligation. Our Supplier Obligation and Forecasting Team set the Levy rate that suppliers are required to pay to fund CFD payments. In addition, to enhance the transparency of the Supplier Obligation Levy and projected CFD payments to CFD generators, we developed the Transparency Tool. It was designed to help our stakeholders understand how we arrive at our forecasts for the Supplier Obligation Levy. 

The new feature allows you to compare the cumulative projected CFD payments with the actual CFD payments made to generators over the current quarterly obligation period. It also provides the total forecasted quarterly reconciliation payments to suppliers and the cumulative levy payments from suppliers.

The Transparency Tool now shows the volume of payments being made to generators for the active period as well as the revenue received under the Supplier Obligation. This balance of payments and receipts offers suppliers an insight into what to expect from the corresponding reconciliation period. It also provides assurance to CFD generators that there are sufficient funds to pay them.

Additionally, consumers benefit from an overview of the cost of the CFD scheme and keeps them engaged with progress of CFD projects.

To access the tool and explore the new features please click here.

If you have any questions about this new function please contact info@lowcarboncontracts.uk.

Aug 02, 2016Archived

Lightsource Renewable Energy have announced that the Charity Farm CFD Project has started low carbon electricity generation.

Charity Farm is a Solar Photovoltaic installation made up of 54,349 solar modules situated in Shropshire, and has an installed capacity of 11.94MW.

Further information can be found on the Lightsource website.

Jul 29, 2016Archived

Wheelabrator Technologies today reached financial close on a new 550,000 tonnes per year EfW Facility (the Wheelabrator Kemsley facility, also known as the ‘K3 CHP plant) which will be located at Kemsley Mill in Sittingbourne, Kent. 

In February 2015, Wheelabrator was successfully awarded a 15-year Contract for Difference for the K3 CHP facility.

The CFD is for an installed capacity of 45.00MW at a strike price of 84.23£/MWh, with the project’s Target Commissioning Date set out in the CFD register as 15/12/2018

Further information can be found in the Wheelabrator Technologies press release.

Jul 22, 2016Archived

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.

Jul 15, 2016Archived

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.

Jul 08, 2016Archived

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.

Mar 22, 2016Archived

We can now confirm the Interim Levy Rate for the Quarterly Obligation Period, to run from 1 July 2017 to 30 September 2017. This will be set at £1.552/MWh and the Total Reserve Amount at £34,316,588.50

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.

 

1 July 2017 to 30 September 2017

Total Reserve Amount

£34,316,588.50

Interim Levy Rate

£1.553/MWh

 

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