Low Carbon Contracts Company (LCCC) has determined the Interim Levy Rate (ILR) and Total Reserve Amount (TRA) for the Quarterly Obligation Period 1 April 2021 to 30 June 2021.
The amounts are:
- ILR = £11.269/MWh
- TRA = £114,980,072.12
In making this determination, LCCC has assumed the period in question will not be subject to any prolonged period of national lockdown and that reductions in demand due to Covid-19 will be 2% compared with the demand we would otherwise have expected.
Besides the forecast supplier obligation for Q2 2021, the ILR also includes the repayment of the BEIS loan used for covering part of the shortfall incurred in Q2 2020 due to the Covid-19 pandemic. The addition of the BEIS loan to the supplier obligation in Q2 2021 has led to a 12.1% increase in the supplier payments, equating to an ILR increase of £1.217/MWh.
Market prices for this calculation were taken as closing mid-prices on 01 December 2020.
Further details are available in the Stakeholder Bulletin published today, available to download via the button on this webpage.