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.
Press Releases / Announcements
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.
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.