Impact of November to December 2020 lockdown on Interim Levy Rate (ILR)

Following the UK Government’s decision to introduce a nationwide lockdown between 5 November and 2 December 2020, Low Carbon Contracts Company (LCCC) has today published guidance to indicate how LCCC will monitor and factor in any impact on demand.

LCCC has started the enhanced internal monitoring which will help to inform a timely adjustment to the Interim Levy Rate (ILR), should this be necessary. However, as Q4 2020 is currently tracking at a positive surplus, LCCC does not believe that an increase in the ILR will be needed for the current period.

Full details are available in the Stakeholder Bulletin published today (6 November 2020).