Announcements: Press releases, News and Bulletins
Catch up on the latest updates from the Low Carbon Contracts Company and Electricity Settlements Company and explore our online library of press releases, news and bulletins.
Since the start of Q1 2021, Low Carbon Contracts Company (LCCC) has been building a surplus of income over payments, caused by a combination of lower generator payments and slightly higher demand.
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:
Following the UK Government’s decision to introduce a nationwide lockdown between 5 November and 2 December 2020, Low Carbon Contracts Company (LCCC) has today published guidance to indicate how LCCC will monitor and factor in any impact on demand
LCCC has determined the Interim Levy Rate (ILR) and Total Reserve Amount (TRA) for the Quarterly Obligation Period 1 January 2021 to 31 March 2021.
The amounts are:
• ILR = £8.283/MWh
• TRA = £127,252,857.68
LCCC can now confirm that the BEIS loan utilisation of £75,110,169, which is treated as a negative quarterly charge to suppliers, has resulted in an effective reduction in charge in Q2 2020 of £1.307/MWh.
LCCC has calculated the amount of BEIS loan utilisation in respect of the supplier levy for Q2 2020 as £75,110,169. This figure will therefore not be included in the total cost of CfDs for this quarter charged to suppliers.
LCCC and ESC have published BEIS government response to the consultation issued last month on proposed changes to the Electricity Supplier obligation regulations in response to Covid 19.
LCCC was informed by EMRS that ELEXON was victim of a ransomware attack to their internal systems on Thursday 14th May 2020.