Low Carbon Contracts Company (LCCC) has determined the Interim Levy Rate (ILR) and Total Reserve Amount (TRA) for the Quarterly Obligation Period from 1 January 2023 to 31 March 2023. The amounts are:
- ILR = £0.000/MWh
- TRA = £100,000,000.00
In making this determination, LCCC notes the high volatility of power market prices.
Market prices for this calculation were taken as closing mid-prices on 15 September 2022, as shared in this update: Market reference date for Q1 2023 CfD Interim Levy Rate (ILR) and Total Reserve Amount (TRA).
Due to the extraordinary market circumstances arising from the continuation of the conflict between Russia and Ukraine, LCCC has set the TRA to a level based on the analysis of different scenarios that may develop as a consequence of the war.
LCCC has also reduced the Total Reserve Amount (TRA) for the Quarterly Obligation Period 1 October 2022 to 31 December 2022. No adjustment has been made to the Interim Levy Rate (ILR). The adjusted TRA amount was also based on the analysis of different scenarios. The adjusted TRA amount is £100,000,000.00.
For further detail on LCCC’s calculations, please refer to our online CfD Levy Dashboards.
Allocation Round 4: project data now available in LCCC's CfD register and Data
Further to the updates announced earlier this summer on CfD Allocation Round 4 (AR4), information on projects' progress is now available via LCCC's CfD register and Data Portal. This follows the completion of work to support projects through their Initial Conditions Precedent, a contractual milestone that marks projects' first step on the journey to construction and operation.