Announcements: Press releases, News and Bulletins
Catch up on the latest updates from the Low Carbon Contracts Company and Electricity Settlements Company and explore our online library of press releases, news and bulletins.
Low Carbon Contracts Company’s Chief Executive, Neil McDermott, has today published a comment in response to the government’s announcement on investment in UK offshore wind and the next CfD allocation round.
Low Carbon Contracts Company (LCCC) and Electricity Settlements Company (ESC) have today, 30 September 2020, published their annual reports and accounts for 2019-20.
LCCC has determined the Interim Levy Rate (ILR) and Total Reserve Amount (TRA) for the Quarterly Obligation Period 1 January 2021 to 31 March 2021.
The amounts are:
• ILR = £8.283/MWh
• TRA = £127,252,857.68
Low Carbon Contracts Company (LCCC) is delighted to announce that Wheelabrator Kemsley has started to receive payments under the project’s Contract for Difference (CfD).
The Electricity Settlements Company are working with our delivery partners, EMR Settlement Limited and National Grid ESO on the Capacity Market (CM) Stress Event Testing programme for 2020 and 2021.
LCCC can now confirm that the BEIS loan utilisation of £75,110,169, which is treated as a negative quarterly charge to suppliers, has resulted in an effective reduction in charge in Q2 2020 of £1.307/MWh.
LCCC has calculated the amount of BEIS loan utilisation in respect of the supplier levy for Q2 2020 as £75,110,169. This figure will therefore not be included in the total cost of CfDs for this quarter charged to suppliers.
Low Carbon Contracts Company (LCCC) is delighted to announce that the third and f