We have adjusted the Interim Levy Rate (ILR) for the period from 23 May 2025 to 30 June 2025. The ILR has been adjusted to £11.959/MWh from £9.257/MWh. No adjustment has been made to the Total Reserve Amount.
In making this adjustment, LCCC notes the recent consistent decline in power market prices. We now consider that there is a high degree of likelihood that the current level of the ILR will be insufficient to cover payments to generators under the CfD scheme.
For further detail on our calculations, please refer to our online CfD dashboards where you will also find a calendar of future key levy dates. Additionally, for guidance on Credit Cover requirements, visit the EMRS website.
Upcoming events:
Our quarterly webinar is an opportunity for you to ask us questions about our forecasts. The next webinar will be held tomorrow, April 23rd at 10am.
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.