ESC has issued today a new Electricity Supplier and Capacity Market Bulletin following the European Commission's approval of the GB Capacity Market. The issue covers key guidance for suppliers (EMRS Circular 193) and a timeline for supplier payments. It also provides information about the forthcoming LCCC/ESC Autumn Conference in London on 14 November and how to register. Attending the event will allow you to find out more about the timetable and activities for the restart of the Capacity Market.
Press Releases / Announcements
LCCC has issued today a Contract for Difference Bulletin which covers news about the contract signature of projects that were awarded a Contract for Difference in Allocation Round three, the date for the forthcoming CfD ILR/TRA teleconference and updates to the CfD register and CfD dashboards.
LCCC is pleased to announce that all 12 of the projects awarded Contracts for Difference (CfDs) through the third Allocation Round (AR3) have signed their contracts. Find out more about the full list of projects moving forward, their technology type, capacity and contribution to the CfD portfolio in our press notice.
The Baseload Market Reference Price (BMRP) for Winter 2019, which covers October 2019 to March 2020, is £55.98/MWh. This is now available on the Settlement Data page of the EMRS website.
The Baseload Market Reference Price (BMRP) is calculated on a seasonal basis (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 the London Energy Brokers' Association (LEBA). The BMRP is published in April and October of each year.
LCCC and ESC have issued today, 25 September 2019, a new Electricity Supplier Bulletin. This issue covers the ILR/TRA determination for Q1 2020, information about our forthcoming webinar and an invitation for users of the Transparency Tool to take part in our focus group on 17 October.
Today, 20 September, the Department for Business, Energy & Industry Strategy (BEIS) has announced the results of Contracts for Difference Allocation Round 3.
A total of 12 new renewable electricity projects have won CfDs, which include offshore wind, advanced conversion technologies and remote island wind. The auction has delivered nearly 5.8GW of new clean energy to be added to the grid by 2025. Read more about the results on gov.uk.
LCCC has produced its own briefing on today's results.
Following receipt of the CfD Notification, LCCC will be producing contracts for successful applicants. For more information on the next stages of the process, please visit LCCC's pre-contract signature pages.
LCCC and ESC have issued today a new Bulletin for Electricity Suppliers. This covers: new Initial Conditions Precedent (ICP) Guidance, an update to Installed Capacity (IC) and Final Installed Capacity (FIC) Guidance and a Capacity Market update.
Low Carbon Contracts Company Ltd (LCCC) and Electricity Settlements Company (ESC) are pleased to announce that Regina Finn has been appointed as their new Chair and will commence her appointment on 2 September 2019. To find out more, here is our full announcement.
ESC has today published an Electricity Supplier and Capacity Market Bulletin about readiness for the potential re-start of the Capacity Market.