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:
- ILR = £0.000/MWh
- TRA = £233,290,074.31
In making this determination, LCCC notes the high volatility of power market prices. Market prices for this calculation were taken as closing mid-prices on 9 December 2021.
LCCC has also reduced the Interim Levy Rate (ILR) for the Quarterly Obligation Period 1, January 2022 to 31 March 2022. The adjusted amount is:
- ILR = £0.000/MWh
Market prices for this determination were taken from 3 December 2021. Please note that LCCC cannot set an ILR of less than £0.000/MWh. LCCC will be monitoring market prices closely during the quarter, and will make an upward adjustment to the ILR if market prices move in such a way as to lead LCCC to expect that the TRA will be insufficient to cover any increase in CfD costs.
For further detail on LCCC’s calculations, please refer to our online CfD Levy Dashboards.
A Stakeholder Bulletin outlining these items has been published today and is available to download via the button on this webpage. In addition, the bulletin includes the latest updates on CfD Allocation Round 4 (AR4), as published via the dedicated AR4 microsite at cfdallocationround.uk.