Market reference date for Q3 2023 CfD Interim Levy Rate (ILR) and Total Reserve Amount (TRA)

Low Carbon Contracts Company (LCCC) has completed the Contracts for Difference (CfD) Interim Levy Rate (ILR) and Total Reserve Amount (TRA) forecasts for Q3 2023. These amounts will be communicated to suppliers in the normal way end of March 2023.

The ILR/TRA determination used market information input data up to and including 13 March 2023. 

For further detail on the timings involved in calculating the ILR and TRA forecasts and how these fit into the quarterly reconciliation process, please refer to the presentation below. Please note, whilst this presentation was delivered as part of our Q3 2022 ILR and TRA webinar on 28 April 2022, the process is comparable across quarters.

Additional resources on the data and processes involved in the CfD are also available in this piece: Reconciliations: How does money move through the CfD scheme – resources.