LCCC determines ILR and TRA for Q4 2024
We have determined the Interim Levy Rate (ILR) and the Total Reserve Amount (TRA) for the Quarterly Obligation Period from 1 October 2024 to 31 December 2024.
The amounts for Q4 2024 are:
ILR = £ 8.750 /MWh
TRA = £ 386,993,619.59
Market prices for this calculation were taken as closing mid-prices on 30 May 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.
You can also visit the EMRS website to find out more.
Announcement: Launch of Revamped CfD Dashboards
We are excited to announce the release of newly revamped CfD dashboards on our website. These updated dashboards now offer more intuitive interface and enhance data visualisation. The dashboards have been split into two categories: actuals and forecasts. The specific dashboards are:
Actuals
- CfD Daily Levy Rates
- CfD Supplier Payments
- CfD Operational Costs
- CfD Key Dates
- CfD Allocation Rounds
- CfD Historical Data
Forecasts
Upcoming Events:
Our quarterly webinar is an opportunity for you to ask us questions about our forecasts. The next will be held on July 24th at 10am where we will also compare the outturn in Q2 2024 with our forecasts and discuss the ILR and TRA for Q4 2024.
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.