Will the contracts have space for more than one signatory? Is this an option?
At this stage, we cannot automate the option to allow Generators to nominate two different people to sign the CfD. However, if this causes an issue for Generators, we ask that you contact us after receiving the link to sign the CfD contract. We can then amend that link to allow a second person to sign. It is essential that if you need to excise this option, you do not sign until we resend you the invitation, as we will then not be able to edit the signing envelope
Please can you confirm the dates of contracts being issued?
Contracts for Generators using Pot 1 technologies will be issued between 12-15 July. Contracts for Generators using technologies specified in Pots 2 and 3 will be issued between 15-19 July. If you have received confirmation of a successful CfD award and have not received a contract by the end of the relevant timeframe, please contact email@example.com.
Who will the contract be sent to for signature? A director, or the main admin?
Contracts will be sent to the contact email provided to National Grid ESO in the CfD application. That person has the option of forwarding the invitation to sign if they are not the person with the necessary legal authority to sign.
What happens if I am awarded a CfD?
At the end of an Allocation Round, the EMR delivery body (National Grid) notifies LCCC of the names of the successful applicants and LCCC is required to offer a contract based on standard terms and incorporating the project specific data submitted by the Generator at application stage. The contract will be issued to the Generator within 10 Working Days of the date that National Grid notifies LCCC of the details of the Generators to be offered CfD contracts. The Generator must sign and return the contract to LCCC within 10 Working Days of receipt, otherwise the offer lapses. LCCC held a Webinar on contract production on Wednesday 15th June and the recording can be found here. By signing the CfD, the Generator confirms certain matters are true, accurate and not misleading as at the date of the CfD including amongst other things:
that it is it is duly formed and validly exists as a legal entity in accordance with the laws of the jurisdiction in which it is incorporated;
that it has the power to enter into the CfD and perform its obligations under it;
that the obligations which the CfD places on it are legal, valid and enforceable;
that all of the Required Authorisations have been obtained and are in full force and effect;
that no litigation has been instigated against the Generator or, as far as the Generator is aware, threatened against the Generator;
that the electricity generated by the Facility will throughout the Term of the CfD contribute to a reduction in emissions of Greenhouse Gases; and
that entry into, delivery and performance of the CfD by the Generator does not conflict with:
its constitutional documents;
any Law or Directive which applies to the Generator;
any Required Authorisations; or
any agreement or instrument, such as a contract with another party, which is binding upon the Generator or any of its assets.
Where can I find the forecast/actual data for demand, CfD generation, CfD payments, reference prices, Op Cost Levies?
What assumptions (regarding demand, CfD Start Dates, prices) are used in calculating the ILR and TRA forecasts?
The Interim Levy Rate and Total Reserve Amount dashboard reflects the assumptions used in calculating the ILR and TRA forecasts, including the market reference date. We discuss the assumptions in greater detail in our quarterly webinars, recordings of which are made available via our Webinars webpage. Whilst we endeavour to be as transparent as possible, some of the assumptions may be based on confidential information and as such cannot be made public.
How can I export datasets, including the reconciled daily levy rates data?
All of the datasets we publish via our Data Portal re available to download via API connection or manually in CSV, TSV, JSON, and XML formats.
The Reconciled Daily Levy Rates dataset is available here.
A User Guide is available via the opening page of the Data Portal, and a demonstration of how to use the Data Portal was provided in our January 2021 ILR/TRA webinar (from 17:32).
Where and when are changes to the ILR and TRA announced? Can we know in advance when LCCC might make an adjustment?
Any changes to the ILR or TRA are announced via LCCC's bulletins, which are emailed directly to stakeholders and made available via LCCC's Announcements webpage. Our quarterly ILR/TRA webinars provide an opportunity to hear directly from the Forecasting team and ask them detailed questions about any changes.
LCCC has discretion on whether and when to make an adjustment, and is obliged to make the information available to all of the supplier community at the same time.
As such, we cannot indicate any changes in advance of their publication, nor can we disclose the information to individual suppliers before we have made the information available to all. Any announcements will be made in due course.
Our In-period Tracking dashboard shows the latest figures throughout the quarter. This is typically updated on a weekly basis.
What is the market reference date used in the determination of the ILR and TRA?
The market reference date is noted in the bulletins we publish to announce the ILR and TRA for a given quarter, all of which are shared directly with stakeholders by email and made available via our Announcements page. The market reference date is also available on the Interim Levy Rate and Total Reserve Amount dashboard and is noted in the relevant webinar, recordings of which are made available via our Webinars page.