We have determined the Interim Levy Rate (ILR) and the Total Reserve Amount (TRA) for the Quarterly Obligation Period from 1 January 2025 to 31 March 2025.
The amounts for Q1 2025 are:
ILR = £ 7.608 /MWh
TRA = £ 369,958,541.78
Market prices for this calculation were taken as closing mid-prices on 29 August 2024 as shared in this announcement.
LCCC continue to monitor market prices closely and will make adjust the ILR and/or TRA if the prices move in such a way as to lead LCCC to expect over-collection or that the TRA and ILR may be insufficient to cover CfD costs. Note that once the quarter has started, the TRA can only be increased, while the ILR can be increased or decreased.
For further detail on LCCC’s calculations, please refer to our online CfD dashboards where you will also find a calendar of future key levy dates and the EMRS website.
Webinar
Our quarterly webinar is an opportunity for you to ask us questions about our forecasts. The next will be held on October 23rd at 10am where we will also compare the outturn in Q3 2024 with our forecasts and discuss the ILR and TRA for Q1 2025.
You can register here to secure your spot.
We welcome any suggestions or feedback on what else it would be useful for us to discuss during the webinar – please send them our way via info@lowcarboncontracts.uk.