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Why cannot CMU Portfolios be modelled? 

Outstanding  

Why not modelled?  

CMU Portfolios  

It cannot be automated as it cannot be determined by ESC what CMUs are to be grouped as a portfolio 

The time saved from validating those that have passed automatically will also mean improvements to the delivery of SPDs for those that have not been modelled or where there are errors.  

I cannot see my CMU on the SPD pass report will I be suspended?  

If the CMU has passed its SPDs and the SPD pass report does not show this, please contact one of the Delivery Partners and we will provide a response: 

ESC contact email: info@electricitysettlementscompany.uk  

EMR Delivery Body: emr@nationalgrideso.com  

If the CMU has not passed the SPDs please follow the guidance, Demonstrating Satisfactory Performance & Extended Performance please follow link to the latest EMR Delivery Body https://www.emrdeliverybody.com/CM/Guidance.aspx 

What is the difference between the Strike Price and the Administrative Strike Price?

Strike Price: The Strike Price is the fixed price a Generator will earn per MWh of Electricity Generated for the lifetime of the contract.
Administrative Strike Price: Administrative Strike Prices (GBP per MWh) set the maximum support, on a £/MWh basis, that the government is willing to offer developers for each technology in a given delivery year. ASPs set a cap on clearing prices in an auction as generators cannot receive a strike price value higher than their technology AS.

 

What are the ICPs?

We held a Webinar on Thursday 30th June and a recording can be found here and we have also published ICP Guidance and Legal Opinion Podcast which can be found here 

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 info@lowcarboncontracts.uk. 

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: 

  1. its constitutional documents; 

  1. any Law or Directive which applies to the Generator; 

  1. any Required Authorisations; or 

  1. 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?

We publish all these datasets via our Data Portal, where they are available to download via API connection or manually in CSV, TSV, JSON, and XML formats.

These values are also expressed in our CfD dashboards, specifically the Actuals Dashboards and Levy Dashboards.

Disclaimer

These frequently asked questions and responses (“FAQs”) have been prepared by Low Carbon Contracts Company Ltd ("LCCC") in response to queries raised by stakeholders in relation to the content of the Contract for Difference (“CFD”), which is comprised of the CFD Agreement and CFD Standard Terms and Conditions (“Conditions”), as published by the Department of Energy & Climate Change on 29 August 2014. The FAQs are also applicable to Investment Contracts (“ICs”) but users of this website are advised to fully review the equivalent clauses in their ICs as there are differences between the CFD and the IC. These FAQs are subject to and are provided on the basis of the following:
  • The FAQs do not supersede or replace the provisions of the CFD or IC and are not intended to and do not constitute legal, investment, commercial or operational advice and should not be relied upon as such. Users of this website should not place reliance upon these FAQs and should refer to the full terms of the CFD or IC, and/or consult their professional advisors where they require information or advice on matters relating to the CFDs or ICs generally and/or any CFD or IC to which they are a party.
  • The FAQs reflect the current thinking and approach of LCCC and should not be viewed as in any way as binding on LCCC.
  • It is our intention to keep the FAQs under review and to publish revised issues from time to time.
Defined terms used in the FAQs but not defined therein have the meanings prescribed to them in the CFD or IC (as applicable) and the Energy Act 2013.