While Q3 2021 saw the first day and week of net negative generator payments, 2022 starts with another milestone for the CfD scheme: the first quarter the scheme will return money to electricity suppliers.

Low Carbon Contracts Company (LCCC) has determined the Interim Levy Rate (ILR) and Total Reserve Amount (TRA) for the Quarterly Obligation Period 1 April 2022 to 30 June 2022. The amounts are:

Commenting on the the UK government’s announcement of the opening of the fourth round of the Contracts for Difference (CfD) scheme, Neil McDermott, Low Carbon Contracts Company's Chief Executive, said:

The Department for Business, Energy and Industrial strategy (BEIS) is seeking views on the proposed 2022/23, 2023/24 and 2024/25 operational cost budgets and resulting levies for the Low Carbon Contracts Company (LCCC) and the Electricity…

The Baseload Market Reference Price (BMRP) for Winter 2021, which covers October 2021 to March 2022, is £102.45/MWh.

Low Carbon Contracts Company (LCCC) has determined the Interim Levy Rate (ILR) and Total Reserve Amount (TRA) for the Quarterly Obligation Period 1 January 2022 to 31 March 2022.

The amounts are:

Q3 2021 was a period of firsts: the first day of net negative generator payments on 6 September, as well as the first full week of net negative generator payments for the period between 8 and 14 September.

Low Carbon Contracts Company (LCCC) and Electricity Settlements Company (ESC) have today published their annual reports and accounts for 2020-21.

Low Carbon Contracts Company (LCCC) adjusted the Interim Levy Rate (ILR) for the period from 14 September 2021 to 30 September 2021. The ILR has been set to £0.000/MWh.