Press Releases / Announcements

Jan 20, 2020

The Electricity Settlements Company (ESC) has announced that capacity providers have today been paid over £1bn in full settlement of their deferred capacity payments for the standstill period. The payment is a major milestone in the restart of the capacity market scheme, following suspension of payments to generators and collections from suppliers as a result of the November 2018 ruling by the European Union General Court of Justice, and the consequent introduction of a standstill period for the scheme.

LCCC and ESC have also announced today, 20 January 2020, the publication of new capacity market dashboards with data and metrics relating to the scheme, accessible through the Schemes dashboards. Read the press release here.

Jan 08, 2020

Electricity Settlements Company (ESC) has published today, 8 January 2020, its Annual Performance Report 2019

On 15 November 2018 the judgment of the General Court of the Court of Justice of the European Union had the effect of annulling the European Commission’s State Aid approval for the CM and introduced a standstill period. This standstill period covered the period from 15 November 2018 until 25 October 2019, being almost the entirety of the capacity year to which this report relates. 

During the standstill period, ESC suspended the collection of funds from suppliers and payments to capacity providers, but other aspects of the CM continued.  A highlight of this year’s Annual Performance Report is the preparatory work undertaken by ESC to ensure the smooth restart of the capacity market.

Dec 24, 2019

ESC has published today a new Electricity Supplier and Capacity Market Bulletin. In this issue, ESC has confirmed that capacity providers are to be paid in full in January for the capacity market standstill period. ESC has also confirmed in this bulletin that there is no requirement for supplementary mutualisation in respect of the standstill period.

Dec 17, 2019

A new Electricity Supplier Bulletin has been issued today, 17 December 2019, covering information about the Interim Levy Rate (ILR) and the Total Reserve Amount (TRA) for the second quarter of 2020, the integration of our Transparency Tool into the wider CfD dashboards and our next webinar on the ILR/TRA for Q2 2020.

Dec 13, 2019

ESC has published today, 13 December 2019, a new Electricity Supplier and Capacity Market Bulletin with information about the capacity market mutualisation for standstill shortfall. This issue also includes information about supplementary mutualisation, outstanding supplier liabilities, invoices and reconciliation.

Dec 04, 2019

LCCC and ESC have issued today, 4 December 2019, a Contracts for Difference and Supplier Bulletin with updates to the CfD Register involving projects which have achieved milestones under the contract.

Nov 15, 2019

LCCC's Forecasting team ran a teleconference on the Interim Levy Rate (ILR) and Total Reserve Amount (TRA) for Q1 2020 on 4 November 2019. If you missed the live event or would like to watch again, the pre-recorded session is now available. If you have any questions on any aspect of the teleconference, email: info@lowcarboncontracts.uk

 

Nov 01, 2019

LCCC-ESC have issued today a new Contract for Difference Bulletin which covers improvements to the CfD Register, including data updates relating to Allocation Round three projects. The issue also includes details about the forthcoming ILR/TRA Teleconference for Q1 2020 and the LCCC-ESC Autumn Conference on 4 November.  

Oct 25, 2019

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. 

Oct 18, 2019

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.