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 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.
LCCC is delighted to announce that the first of its CFD projects is now generating electricity and the first CFD Generator payment has been made through the electricity settlement system to Lightsource SPV136 Limited for the Charity Farm Project. For the full release, please see here.
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 email@example.com.
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.