LCCC and ESC have issued today, 08 April 2020, a Contracts for Difference and Supplier Bulletin with updates on the Baseload Market Reference Price for summer 2020.
Press Releases / Announcements
A new Electricity Supplier Bulletin has been issued today, 30 March 2020, covering information about the Interim Levy Rate (ILR) and the Total Reserve Amount (TRA) for the third quarter of 2020. It will also have information about our next webinar on the ILR/TRA for Q3 2020.
Main updates in this issue published on 18 March 2020 include LCCC and ESC's business continuity arrangements during Covid-19, implications for managing the CfD Supplier Obligation for the current quarter and beyond and managing possible impacts on CfD generators during this period.
LCCC-ESC have published today, 22 January 2020, a new Electricity Supplier Bulletin which includes information about our new online data offering for our stakeholders: the capacity market dashboards, the updated CfD historical dashboard and the CfD forecast dashboard. Also in this issue is information about LCCC's adoption of new data source for the calculation of wind speed estimates from March 2020, which will reflect wind farm conditions more closely.
LCCC's forecasting team ran a webinar on the CfD Interim Levy Rate and Total Reserve Amount for Q2 2020 on Monday 20 January. You can now access the slides presented to participants.
The Electricity Settlements Company (ESC) has announced that capacity providers have today been paid over £1bn in full settlement of their deferred capacity payments for the standstill period. The payment is a major milestone in the restart of the capacity market scheme, following suspension of payments to generators and collections from suppliers as a result of the November 2018 ruling by the European Union General Court of Justice, and the consequent introduction of a standstill period for the scheme.
LCCC and ESC have also announced today, 20 January 2020, the publication of new capacity market dashboards with data and metrics relating to the scheme, accessible through the Schemes dashboards. Read the press release here.
Electricity Settlements Company (ESC) has published today, 8 January 2020, its Annual Performance Report 2019.
On 15 November 2018 the judgment of the General Court of the Court of Justice of the European Union had the effect of annulling the European Commission’s State Aid approval for the CM and introduced a standstill period. This standstill period covered the period from 15 November 2018 until 25 October 2019, being almost the entirety of the capacity year to which this report relates.
During the standstill period, ESC suspended the collection of funds from suppliers and payments to capacity providers, but other aspects of the CM continued. A highlight of this year’s Annual Performance Report is the preparatory work undertaken by ESC to ensure the smooth restart of the capacity market.
ESC has published today a new Electricity Supplier and Capacity Market Bulletin. In this issue, ESC has confirmed that capacity providers are to be paid in full in January for the capacity market standstill period. ESC has also confirmed in this bulletin that there is no requirement for supplementary mutualisation in respect of the standstill period.
A new Electricity Supplier Bulletin has been issued today, 17 December 2019, covering information about the Interim Levy Rate (ILR) and the Total Reserve Amount (TRA) for the second quarter of 2020, the integration of our Transparency Tool into the wider CfD dashboards and our next webinar on the ILR/TRA for Q2 2020.
ESC has published today, 13 December 2019, a new Electricity Supplier and Capacity Market Bulletin with information about the capacity market mutualisation for standstill shortfall. This issue also includes information about supplementary mutualisation, outstanding supplier liabilities, invoices and reconciliation.