LCCC will raise an additional Total Reserve Amount (TRA) for Q2 2022.  No adjustment has been made to the Interim Levy Rate (ILR).

LCCC has decided to increase the TRA for the period from 14 June 2022 to 30 June 2022.

The Baseload Market Reference Price (BMRP) for Summer 2022, which covers April 2022 to September 2022, is £168.25/MWh.

The Electricity Settlements Company (ESC) is pleased to announce the development of an automated report that will reduce the administrative burden on Capacity Providers and Delivery Partners in the Capacity Market (CM) scheme.

Low Carbon Contracts Company (LCCC) has determined the Interim Levy Rate (ILR) and Total Reserve Amount (TRA) for the Quarterly Obligation Period 1 July 2022 to 30 September 2022. The amounts are:

The Department for Business, Energy and Industrial Strategy (BEIS) has published its response to the consultation on Low Carbon Contracts Company (LCCC)’s and Electricity Settlements Company (ESC)’s proposed operational cost budgets and levies…

While Q3 2021 saw the first day and week of net negative generator payments, 2022 starts with another milestone for the CfD scheme: the first quarter the scheme will return money to electricity suppliers.

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:

Commenting on the the UK government’s announcement of the opening of the fourth round of the Contracts for Difference (CfD) scheme, Neil McDermott, Low Carbon Contracts Company's Chief Executive, said:

The Department for Business, Energy and Industrial strategy (BEIS) is seeking views on the proposed 2022/23, 2023/24 and 2024/25 operational cost budgets and resulting levies for the Low Carbon Contracts Company (LCCC) and the Electricity…