Market reference date for Q4 2022 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 Q4 2022. These amounts will be communicated to suppliers in the normal way around a week before the end of June 2022.

The market information input to the forecasts was taken as of the 15th June, 2022.

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 below presentation. 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.

Reconciliation of the ILR and TRA – an overview of timings throughout the quarter from LCCC on Vimeo.